Renaissance Technologies LLC Takes $422,000 Position in Invesco Water Resources ETF (NASDAQ:PHO)

Renaissance Technologies LLC bought a new stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,500 shares of the company’s stock, valued at approximately $422,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Cetera Advisors LLC boosted its holdings in Invesco Water Resources ETF by 274.6% in the first quarter. Cetera Advisors LLC now owns 17,971 shares of the company’s stock valued at $1,196,000 after acquiring an additional 13,173 shares during the last quarter. Comerica Bank lifted its stake in Invesco Water Resources ETF by 8.9% in the first quarter. Comerica Bank now owns 23,233 shares of the company’s stock valued at $1,547,000 after buying an additional 1,904 shares during the period. Raymond James & Associates boosted its holdings in Invesco Water Resources ETF by 30.3% during the second quarter. Raymond James & Associates now owns 116,508 shares of the company’s stock worth $7,563,000 after buying an additional 27,112 shares during the last quarter. Gerber LLC bought a new stake in shares of Invesco Water Resources ETF in the 4th quarter valued at about $765,000. Finally, 1832 Asset Management L.P. raised its position in shares of Invesco Water Resources ETF by 147.7% in the 1st quarter. 1832 Asset Management L.P. now owns 524,079 shares of the company’s stock valued at $34,888,000 after acquiring an additional 312,475 shares during the period.

Invesco Water Resources ETF Stock Performance

PHO opened at $69.61 on Friday. Invesco Water Resources ETF has a twelve month low of $49.65 and a twelve month high of $71.09. The firm’s fifty day moving average is $68.61 and its two-hundred day moving average is $67.00. The firm has a market cap of $2.26 billion, a PE ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

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

About Invesco Water Resources ETF

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.