Bank of Montreal Can Grows Stock Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

Bank of Montreal Can grew its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 438.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,624 shares of the company’s stock after purchasing an additional 29,816 shares during the quarter. Bank of Montreal Can’s holdings in Invesco Water Resources ETF were worth $2,501,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new position in Invesco Water Resources ETF in the 2nd quarter worth approximately $25,000. Woodmont Investment Counsel LLC acquired a new stake in shares of Invesco Water Resources ETF during the 1st quarter worth approximately $27,000. ESL Trust Services LLC acquired a new stake in shares of Invesco Water Resources ETF during the 1st quarter worth approximately $27,000. Larson Financial Group LLC acquired a new stake in shares of Invesco Water Resources ETF during the 2nd quarter worth approximately $34,000. Finally, ORG Partners LLC acquired a new stake in shares of Invesco Water Resources ETF during the 2nd quarter worth approximately $38,000.

Invesco Water Resources ETF Price Performance

Shares of NASDAQ PHO opened at $69.57 on Friday. The company has a 50 day simple moving average of $68.57 and a 200-day simple moving average of $66.83. The company has a market capitalization of $2.25 billion, a P/E ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a 1 year low of $49.65 and a 1 year high of $71.09.

Invesco Water Resources ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.05 per share. 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%.

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.