Bristlecone Advisors LLC Makes New $73,000 Investment in Invesco Water Resources ETF (NASDAQ:PHO)

Bristlecone Advisors LLC purchased a new position in shares of Invesco Water Resources ETF (NASDAQ:PHO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,034 shares of the company’s stock, valued at approximately $73,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in Invesco Water Resources ETF during the 2nd quarter worth approximately $25,000. Woodmont Investment Counsel LLC bought a new stake in shares of Invesco Water Resources ETF during the first quarter worth $27,000. ESL Trust Services LLC acquired a new stake in shares of Invesco Water Resources ETF during the first quarter worth $27,000. Larson Financial Group LLC bought a new stake in Invesco Water Resources ETF in the 2nd quarter valued at $34,000. Finally, ORG Partners LLC acquired a new position in Invesco Water Resources ETF in the 2nd quarter worth $38,000.

Invesco Water Resources ETF Price Performance

PHO opened at $68.62 on Monday. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96. The business’s 50-day moving average price is $69.26 and its two-hundred day moving average price is $67.36. Invesco Water Resources ETF has a 1 year low of $49.65 and a 1 year high of $71.47.

Invesco Water Resources ETF Cuts Dividend

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

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.