C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New $7.37 Million Investment in Invesco Water Resources ETF (NASDAQ:PHO)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Invesco Water Resources ETF (NASDAQ:PHO) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 111,969 shares of the company’s stock, valued at approximately $7,366,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Sanctuary Advisors LLC acquired a new position in Invesco Water Resources ETF during the 2nd quarter valued at approximately $242,000. Creative Planning lifted its stake in Invesco Water Resources ETF by 0.5% in the third quarter. Creative Planning now owns 58,728 shares of the company’s stock valued at $4,143,000 after buying an additional 294 shares during the last quarter. Prism Advisors Inc. boosted its holdings in shares of Invesco Water Resources ETF by 25.7% during the third quarter. Prism Advisors Inc. now owns 188,298 shares of the company’s stock valued at $13,283,000 after acquiring an additional 38,476 shares during the period. Bleakley Financial Group LLC bought a new position in shares of Invesco Water Resources ETF during the third quarter worth about $292,000. Finally, Raymond James & Associates increased its holdings in shares of Invesco Water Resources ETF by 159.4% in the 3rd quarter. Raymond James & Associates now owns 302,278 shares of the company’s stock worth $21,323,000 after acquiring an additional 185,770 shares during the period.

Invesco Water Resources ETF Stock Down 1.4 %

Shares of NASDAQ:PHO opened at $67.14 on Thursday. The company’s 50-day moving average price is $67.53 and its 200 day moving average price is $68.75. The company has a market cap of $2.17 billion, a PE ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a fifty-two week low of $61.05 and a fifty-two week high of $72.59.

Invesco Water Resources ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.0923 per share. The ex-dividend date was Monday, December 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.