WealthSpring Partners LLC Invests $6.74 Million in Invesco Water Resources ETF $PHO

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

Other large investors also recently made changes to their positions in the company. City Holding Co. bought a new stake in shares of Invesco Water Resources ETF during the fourth quarter worth $28,000. Strengthening Families & Communities LLC acquired a new position in shares of Invesco Water Resources ETF during the fourth quarter valued at $30,000. Geneos Wealth Management Inc. lifted its stake 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 acquiring an additional 360 shares during the period. Assetmark Inc. lifted its stake 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 acquiring an additional 184 shares during the period. Finally, Ransom Advisory Ltd acquired a new position in shares of Invesco Water Resources ETF during the fourth quarter valued at $64,000.

Invesco Water Resources ETF Stock Up 0.9%

Shares of PHO opened at $66.39 on Friday. Invesco Water Resources ETF has a 12-month low of $63.54 and a 12-month high of $74.93. The firm has a market capitalization of $2.02 billion, a PE ratio of 25.38 and a beta of 0.97. The stock’s fifty day simple moving average is $67.38 and its 200-day simple moving average is $69.97.

Invesco Water Resources ETF Increases Dividend

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

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.