Kades & Cheifetz LLC Invests $209,000 in Invesco Water Resources ETF (NASDAQ:PHO)

Kades & Cheifetz LLC purchased a new stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 2,966 shares of the company’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in Invesco Water Resources ETF by 17.9% during the second quarter. LPL Financial LLC now owns 668,590 shares of the company’s stock worth $43,398,000 after buying an additional 101,342 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in shares of Invesco Water Resources ETF by 147.7% in the 1st quarter. 1832 Asset Management L.P. now owns 524,079 shares of the company’s stock worth $34,888,000 after acquiring an additional 312,475 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Invesco Water Resources ETF by 1.4% during the second quarter. Commonwealth Equity Services LLC now owns 402,507 shares of the company’s stock valued at $26,127,000 after purchasing an additional 5,493 shares during the last quarter. Osaic Holdings Inc. increased its stake in Invesco Water Resources ETF by 33.4% in the 1st quarter. Osaic Holdings Inc. now owns 268,709 shares of the company’s stock worth $17,889,000 after purchasing an additional 67,228 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in Invesco Water Resources ETF by 0.9% during the 2nd quarter. Cetera Investment Advisers now owns 234,289 shares of the company’s stock worth $15,208,000 after buying an additional 2,090 shares during the period.

Invesco Water Resources ETF Price Performance

Shares of PHO opened at $70.00 on Thursday. Invesco Water Resources ETF has a one year low of $49.65 and a one year high of $71.09. The company has a 50-day moving average of $68.52 and a two-hundred day moving average of $66.81. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.29%. The ex-dividend date was Monday, September 23rd.

Invesco Water Resources ETF Company 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.