Sequoia Financial Advisors LLC Takes Position in Invesco Water Resources ETF (NASDAQ:PHO)

Sequoia Financial Advisors LLC purchased a new stake in Invesco Water Resources ETF (NASDAQ:PHO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,528 shares of the company’s stock, valued at approximately $232,000.

A number of other large investors have also made changes to their positions in the stock. Wingate Wealth Advisors Inc. purchased a new position in Invesco Water Resources ETF in the fourth quarter worth approximately $33,000. Sunbelt Securities Inc. purchased a new position in Invesco Water Resources ETF in the third quarter worth approximately $36,000. Kestra Investment Management LLC purchased a new position in Invesco Water Resources ETF in the fourth quarter worth approximately $37,000. Principal Securities Inc. grew its position in Invesco Water Resources ETF by 37.2% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the company’s stock worth $39,000 after acquiring an additional 160 shares during the period. Finally, Bank of Jackson Hole Trust purchased a new position in Invesco Water Resources ETF in the fourth quarter worth approximately $45,000.

Invesco Water Resources ETF Stock Performance

Shares of Invesco Water Resources ETF stock opened at $65.04 on Friday. Invesco Water Resources ETF has a fifty-two week low of $62.82 and a fifty-two week high of $72.59. The stock has a 50 day moving average of $66.91 and a 200 day moving average of $68.38. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 25.82 and a beta of 0.96.

Invesco Water Resources ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.0923 per share. The ex-dividend date of this dividend was Monday, December 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.