Invesco Water Resources ETF $PHO Shares Newly Acquired by Beam Wealth Advisors Inc.

Beam Wealth Advisors Inc. purchased a new position in Invesco Water Resources ETF (NASDAQ:PHO) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 11,006 shares of the company’s stock, valued at approximately $747,000.

A number of other large investors have also modified their holdings of the business. Integrated Wealth Concepts LLC increased its holdings in shares of Invesco Water Resources ETF by 108.8% during the second quarter. Integrated Wealth Concepts LLC now owns 28,261 shares of the company’s stock valued at $1,952,000 after acquiring an additional 14,723 shares in the last quarter. Royal Bank of Canada raised its position in shares of Invesco Water Resources ETF by 13.3% in the 1st quarter. Royal Bank of Canada now owns 335,431 shares of the company’s stock valued at $22,428,000 after purchasing an additional 39,491 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Invesco Water Resources ETF by 62.7% in the 1st quarter. D.A. Davidson & CO. now owns 70,106 shares of the company’s stock valued at $4,687,000 after purchasing an additional 27,010 shares during the last quarter. Nwam LLC raised its position in shares of Invesco Water Resources ETF by 756.7% in the 2nd quarter. Nwam LLC now owns 33,636 shares of the company’s stock valued at $2,324,000 after purchasing an additional 29,710 shares during the last quarter. Finally, Hamilton Wealth LLC boosted its stake in Invesco Water Resources ETF by 110.0% in the 1st quarter. Hamilton Wealth LLC now owns 247,036 shares of the company’s stock worth $16,517,000 after purchasing an additional 129,405 shares in the last quarter.

Invesco Water Resources ETF Stock Down 0.4%

PHO stock opened at $75.01 on Friday. The firm has a 50 day moving average of $70.32 and a 200 day moving average of $69.64. The stock has a market capitalization of $2.08 billion, a PE ratio of 27.98 and a beta of 0.93. Invesco Water Resources ETF has a 52 week low of $63.54 and a 52 week high of $77.71.

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.