Montis Financial LLC Takes $240,000 Position in Invesco Water Resources ETF (NASDAQ:PHO)

Montis Financial LLC bought a new position in Invesco Water Resources ETF (NASDAQ:PHO) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,641 shares of the company’s stock, valued at approximately $240,000.

Several other large investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in Invesco Water Resources ETF during the 4th quarter worth $34,604,000. HighTower Advisors LLC boosted its holdings in Invesco Water Resources ETF by 1.5% during the fourth quarter. HighTower Advisors LLC now owns 411,275 shares of the company’s stock worth $27,058,000 after purchasing an additional 5,881 shares during the last quarter. Prism Advisors Inc. grew its position in Invesco Water Resources ETF by 9.6% in the 4th quarter. Prism Advisors Inc. now owns 206,352 shares of the company’s stock worth $13,576,000 after purchasing an additional 18,054 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Invesco Water Resources ETF during the 4th quarter worth approximately $7,366,000. Finally, Stifel Financial Corp boosted its stake in shares of Invesco Water Resources ETF by 5.5% in the 3rd quarter. Stifel Financial Corp now owns 106,627 shares of the company’s stock worth $7,522,000 after buying an additional 5,570 shares during the last quarter.

Invesco Water Resources ETF Stock Up 1.9 %

PHO stock opened at $65.01 on Friday. The firm has a market cap of $2.10 billion, a PE ratio of 25.82 and a beta of 0.96. The business has a 50 day moving average of $66.93 and a 200-day moving average of $68.52. Invesco Water Resources ETF has a 12-month low of $62.82 and a 12-month high of $72.59.

Invesco Water Resources ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.0923 dividend. The ex-dividend date of this dividend was Monday, December 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.