Royal Bank of Canada Acquires 39,491 Shares of Invesco Water Resources ETF $PHO

Royal Bank of Canada increased its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 13.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,431 shares of the company’s stock after buying an additional 39,491 shares during the quarter. Royal Bank of Canada owned about 1.10% of Invesco Water Resources ETF worth $22,428,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mustico Financial Group Inc. lifted its stake in Invesco Water Resources ETF by 15.4% during the first quarter. Mustico Financial Group Inc. now owns 17,420 shares of the company’s stock worth $1,206,000 after purchasing an additional 2,322 shares during the last quarter. Lido Advisors LLC bought a new position in shares of Invesco Water Resources ETF in the 1st quarter valued at $234,000. Pacific Sun Financial Corp increased its stake in shares of Invesco Water Resources ETF by 2.5% in the 1st quarter. Pacific Sun Financial Corp now owns 7,973 shares of the company’s stock valued at $533,000 after purchasing an additional 195 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Invesco Water Resources ETF by 1.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 295,258 shares of the company’s stock valued at $19,741,000 after purchasing an additional 4,675 shares during the last quarter. Finally, Johnson Financial Group Inc. raised its holdings in shares of Invesco Water Resources ETF by 10.0% during the 1st quarter. Johnson Financial Group Inc. now owns 1,957 shares of the company’s stock worth $131,000 after buying an additional 178 shares in the last quarter.

Invesco Water Resources ETF Stock Up 0.1%

Shares of PHO stock opened at $72.92 on Thursday. The business has a fifty day simple moving average of $68.30 and a 200 day simple moving average of $69.15. The company has a market cap of $2.08 billion, a P/E ratio of 25.38 and a beta of 0.96. Invesco Water Resources ETF has a twelve month low of $63.54 and a twelve month high of $74.93.

Invesco Water Resources ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.1228 per share. This represents a $0.49 annualized dividend and a dividend yield of 0.7%. The ex-dividend date 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.