Fifth Third Bancorp Acquires 10,879 Shares of Invesco Water Resources ETF $PHO

Fifth Third Bancorp grew its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 376.4% during the first quarter, HoldingsChannel.com reports. The firm owned 13,769 shares of the company’s stock after acquiring an additional 10,879 shares during the quarter. Fifth Third Bancorp’s holdings in Invesco Water Resources ETF were worth $921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PHO. City Holding Co. acquired a new stake in shares of Invesco Water Resources ETF in the fourth quarter valued at approximately $28,000. Strengthening Families & Communities LLC bought a new stake in shares of Invesco Water Resources ETF in the fourth quarter valued at approximately $30,000. Investment Counsel Co. of Nevada acquired a new stake in Invesco Water Resources ETF during the fourth quarter worth approximately $30,000. Geneos Wealth Management Inc. grew its position in Invesco Water Resources ETF by 156.5% during the second quarter. Geneos Wealth Management Inc. now owns 590 shares of the company’s stock worth $41,000 after buying an additional 360 shares in the last quarter. Finally, Motiv8 Investments LLC bought a new position in Invesco Water Resources ETF during the 4th quarter worth $55,000.

Invesco Water Resources ETF Stock Performance

NASDAQ:PHO opened at $68.43 on Monday. The stock has a fifty day moving average price of $67.34 and a 200-day moving average price of $69.25. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 25.38 and a beta of 0.96. Invesco Water Resources ETF has a fifty-two week low of $63.54 and a fifty-two week high of $74.93.

Invesco Water Resources ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.1228 dividend. This represents a $0.49 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd.

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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.