Northwestern Mutual Wealth Management Co. Grows Position in Invesco Water Resources ETF (NASDAQ:PHO)

Northwestern Mutual Wealth Management Co. boosted its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,082 shares of the company’s stock after buying an additional 496 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.08% of Invesco Water Resources ETF worth $1,758,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Stifel Financial Corp boosted its position in shares of Invesco Water Resources ETF by 3.3% during the fourth quarter. Stifel Financial Corp now owns 89,261 shares of the company’s stock worth $5,433,000 after buying an additional 2,881 shares during the period. Belpointe Asset Management LLC purchased a new position in Invesco Water Resources ETF during the 4th quarter valued at about $211,000. Scarborough Advisors LLC acquired a new position in Invesco Water Resources ETF in the 4th quarter valued at about $52,000. Creekmur Asset Management LLC purchased a new stake in Invesco Water Resources ETF during the fourth quarter worth about $78,000. Finally, Gerber LLC purchased a new position in shares of Invesco Water Resources ETF in the fourth quarter valued at approximately $765,000.

Invesco Water Resources ETF Stock Performance

Shares of PHO stock opened at $69.64 on Friday. Invesco Water Resources ETF has a fifty-two week low of $49.65 and a fifty-two week high of $71.09. The company has a 50 day moving average price of $68.59 and a 200 day moving average price of $66.90. The stock has a market capitalization of $2.26 billion, a P/E ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.05 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.20 annualized dividend and a dividend yield of 0.29%.

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.