Cerity Partners LLC Buys 12,336 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Cerity Partners LLC lifted its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 27.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,126 shares of the company’s stock after acquiring an additional 12,336 shares during the quarter. Cerity Partners LLC owned approximately 0.18% of Invesco Water Resources ETF worth $3,476,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PHO. HighTower Advisors LLC grew its stake in shares of Invesco Water Resources ETF by 2.2% during the 1st quarter. HighTower Advisors LLC now owns 32,263 shares of the company’s stock valued at $1,716,000 after acquiring an additional 685 shares during the period. Baird Financial Group Inc. boosted its stake in Invesco Water Resources ETF by 5.3% in the 1st quarter. Baird Financial Group Inc. now owns 29,307 shares of the company’s stock worth $1,554,000 after purchasing an additional 1,474 shares during the period. First Western Trust Bank bought a new position in Invesco Water Resources ETF in the 1st quarter worth approximately $215,000. Equitable Holdings Inc. boosted its stake in Invesco Water Resources ETF by 7.5% in the 1st quarter. Equitable Holdings Inc. now owns 7,447 shares of the company’s stock worth $395,000 after purchasing an additional 521 shares during the period. Finally, SS&H Financial Advisors Inc. bought a new position in Invesco Water Resources ETF in the 1st quarter worth approximately $382,000.

Invesco Water Resources ETF Price Performance

PHO stock opened at $63.04 on Thursday. Invesco Water Resources ETF has a 1-year low of $49.65 and a 1-year high of $66.74. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 34.93 and a beta of 0.96. The business has a 50 day simple moving average of $64.30 and a two-hundred day simple moving average of $59.22.

Invesco Water Resources ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.0629 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 0.40%.

Invesco Water Resources ETF Profile

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.