Raab & Moskowitz Asset Management LLC Has $3.96 Million Position in Invesco Water Resources ETF (NASDAQ:PHO)

Raab & Moskowitz Asset Management LLC raised its position in Invesco Water Resources ETF (NASDAQ:PHO) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,246 shares of the company’s stock after purchasing an additional 348 shares during the quarter. Invesco Water Resources ETF accounts for about 1.0% of Raab & Moskowitz Asset Management LLC’s holdings, making the stock its 25th biggest holding. Raab & Moskowitz Asset Management LLC owned about 0.19% of Invesco Water Resources ETF worth $3,964,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PHO. Raymond James & Associates raised its stake in shares of Invesco Water Resources ETF by 159.4% during the third quarter. Raymond James & Associates now owns 302,278 shares of the company’s stock valued at $21,323,000 after acquiring an additional 185,770 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Invesco Water Resources ETF in the fourth quarter worth $7,366,000. Prism Advisors Inc. increased its holdings in Invesco Water Resources ETF by 25.7% in the third quarter. Prism Advisors Inc. now owns 188,298 shares of the company’s stock valued at $13,283,000 after purchasing an additional 38,476 shares during the period. Prime Capital Investment Advisors LLC bought a new position in Invesco Water Resources ETF during the 3rd quarter worth $1,973,000. Finally, Strategic Financial Concepts LLC acquired a new position in Invesco Water Resources ETF during the 4th quarter worth about $1,731,000.

Invesco Water Resources ETF Trading Down 1.4 %

Shares of PHO stock opened at $67.14 on Thursday. Invesco Water Resources ETF has a 1-year low of $61.05 and a 1-year high of $72.59. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96. The stock has a 50-day moving average of $67.53 and a 200-day moving average of $68.75.

Invesco Water Resources ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.0923 per share. The ex-dividend date was Monday, December 23rd.

Invesco Water Resources ETF Company 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.