Sterling Investment Management LLC Acquires New Stake in Invesco Water Resources ETF (NASDAQ:PHO)

Sterling Investment Management LLC purchased a new position in shares of Invesco Water Resources ETF (NASDAQ:PHO) during the 4th quarter, HoldingsChannel reports. The firm purchased 3,406 shares of the company’s stock, valued at approximately $207,000.

Other large investors also recently bought and sold shares of the company. Ronald Blue Trust Inc. purchased a new position in shares of Invesco Water Resources ETF in the 3rd quarter valued at about $28,000. Farther Finance Advisors LLC acquired a new stake in Invesco Water Resources ETF during the 2nd quarter worth approximately $34,000. Live Oak Investment Partners acquired a new stake in Invesco Water Resources ETF during the 4th quarter worth approximately $36,000. BKM Wealth Management LLC acquired a new stake in Invesco Water Resources ETF during the 4th quarter worth approximately $39,000. Finally, Credit Suisse AG acquired a new stake in shares of Invesco Water Resources ETF in the 2nd quarter valued at approximately $55,000.

Invesco Water Resources ETF Price Performance

PHO opened at $66.40 on Thursday. The business has a 50 day simple moving average of $62.74 and a 200-day simple moving average of $58.06. The stock has a market capitalization of $2.13 billion, a P/E ratio of 22.98 and a beta of 0.96. Invesco Water Resources ETF has a 12 month low of $49.65 and a 12 month high of $66.64.

Invesco Water Resources ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were paid a $0.0629 dividend. This represents a $0.25 annualized dividend and a yield of 0.38%. The ex-dividend date was Monday, March 18th.

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.