WealthSpring Partners LLC Purchases New Position in Invesco Water Resources ETF $PHO

WealthSpring Partners LLC bought a new position in Invesco Water Resources ETF (NASDAQ:PHO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 95,736 shares of the company’s stock, valued at approximately $6,741,000. Invesco Water Resources ETF comprises approximately 6.9% of WealthSpring Partners LLC’s investment portfolio, making the stock its 4th biggest position. WealthSpring Partners LLC owned approximately 0.32% of Invesco Water Resources ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. City Holding Co. acquired a new position in shares of Invesco Water Resources ETF during the fourth quarter worth approximately $28,000. Strengthening Families & Communities LLC bought a new stake in shares of Invesco Water Resources ETF during the fourth quarter valued at approximately $30,000. Geneos Wealth Management Inc. increased its position in shares of Invesco Water Resources ETF by 156.5% during the second quarter. Geneos Wealth Management Inc. now owns 590 shares of the company’s stock valued at $41,000 after purchasing an additional 360 shares during the period. Assetmark Inc. increased its position in shares of Invesco Water Resources ETF by 45.4% during the third quarter. Assetmark Inc. now owns 589 shares of the company’s stock valued at $42,000 after purchasing an additional 184 shares during the period. Finally, Ransom Advisory Ltd bought a new stake in Invesco Water Resources ETF in the fourth quarter valued at $64,000.

Invesco Water Resources ETF Price Performance

Shares of NASDAQ:PHO opened at $66.39 on Friday. The business’s fifty day moving average price is $67.38 and its two-hundred day moving average price is $69.97. Invesco Water Resources ETF has a fifty-two week low of $63.54 and a fifty-two week high of $74.93. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 25.38 and a beta of 0.97.

Invesco Water Resources ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.1046 per share. The ex-dividend date was Monday, March 23rd. This is a boost from Invesco Water Resources ETF’s previous quarterly dividend of $0.08. This represents a $0.42 annualized dividend and a dividend yield of 0.6%.

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.