Royal Bank of Canada Buys 39,491 Shares of Invesco Water Resources ETF $PHO

Royal Bank of Canada increased its position in Invesco Water Resources ETF (NASDAQ:PHO) by 13.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 335,431 shares of the company’s stock after buying an additional 39,491 shares during the period. Royal Bank of Canada’s holdings in Invesco Water Resources ETF were worth $22,428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PHO. Mustico Financial Group Inc. grew its stake in Invesco Water Resources ETF by 15.4% in the first quarter. Mustico Financial Group Inc. now owns 17,420 shares of the company’s stock valued at $1,206,000 after acquiring an additional 2,322 shares during the period. Lido Advisors LLC acquired a new position in shares of Invesco Water Resources ETF during the first quarter worth approximately $234,000. Pacific Sun Financial Corp raised its position in shares of Invesco Water Resources ETF by 2.5% during the first quarter. Pacific Sun Financial Corp now owns 7,973 shares of the company’s stock worth $533,000 after purchasing an additional 195 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Invesco Water Resources ETF by 1.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 295,258 shares of the company’s stock worth $19,741,000 after purchasing an additional 4,675 shares in the last quarter. Finally, Johnson Financial Group Inc. lifted its holdings in shares of Invesco Water Resources ETF by 10.0% in the 1st quarter. Johnson Financial Group Inc. now owns 1,957 shares of the company’s stock worth $131,000 after purchasing an additional 178 shares in the last quarter.

Invesco Water Resources ETF Price Performance

Shares of NASDAQ PHO opened at $72.92 on Thursday. The company has a 50-day moving average price of $68.30 and a 200-day moving average price of $69.15. The stock has a market capitalization of $2.08 billion, a P/E ratio of 25.38 and a beta of 0.96. Invesco Water Resources ETF has a 1 year low of $63.54 and a 1 year high of $74.93.

Invesco Water Resources ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.1228 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.49 annualized dividend and a dividend yield of 0.7%.

About Invesco Water Resources ETF

PowerShares Water Resources Portfolio (the Fund) seeks investment results that generally correspond to the price yield of the NASDAQ OMX US Water Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Underlying Index. The Underlying Index seeks to track the performance of the United States exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.