Beese Fulmer Investment Management Inc. Purchases 3,033 Shares in Invesco Water Resources ETF

Beese Fulmer Investment Management Inc. has recently acquired a new position in the Invesco Water Resources ETF (NASDAQ:PHO) during the third quarter, as revealed in its latest 13F filing with the Securities and Exchange Commission. The firm purchased a total of 3,033 shares of this ETF, which amounts to approximately $214,000 in value.

In addition to Beese Fulmer, several other prominent investors have also made moves in this ETF. In the second quarter, LPL Financial LLC increased its holdings in Invesco Water Resources ETF by 17.9%, bringing its total ownership to 668,590 shares, worth approximately $43.4 million. This increase includes an acquisition of an extra 101,342 shares.

Moreover, 1832 Asset Management L.P. significantly boosted its investment in Invesco Water Resources ETF by 147.7% during the first quarter. They currently own 524,079 shares, valued at around $34.9 million, following a purchase of an additional 312,475 shares last quarter. Commonwealth Equity Services LLC also made a slight increase of 1.4% in its stake during the second quarter, resulting in ownership of 402,507 shares valued at about $26.1 million after acquiring an additional 5,493 shares.

In the third quarter, Raymond James & Associates raised its position in the fund by a remarkable 159.4%. Their current holdings amount to 302,278 shares, worth approximately $21.3 million, after buying an additional 185,770 shares. Lastly, Osaic Holdings Inc. also grew its investment in the Invesco Water Resources ETF by 33.4% during the first quarter, now owning 268,709 shares valued at about $17.9 million after purchasing 67,228 more shares.

Performance of Invesco Water Resources ETF

As of the latest trading session, Invesco Water Resources ETF shares opened at $69.11. Over the past year, the ETF has seen a low of $49.65 and a high of $71.47. Its fifty-day simple moving average stands at $69.25, with a two-hundred-day average at $67.31. The total market capitalization of the ETF amounts to $2.25 billion, showing a price-to-earnings ratio of 37.18 and a beta of 0.96, indicating its relative volatility compared to the market.

Dividend Information

The company recently announced a quarterly dividend, which was distributed on September 27. Shareholders who were on record as of September 23 received a dividend payment of $0.05 per share. This brings the annualized dividend to $0.20, equating to a yield of 0.29%. The ex-dividend date was also September 23, marking an important date for potential investors.

Overview of Invesco Water Resources ETF

The PowerShares Water Resources Portfolio (the Fund) aims to match investment results with the price yield of the NASDAQ OMX US Water Index. To achieve this, the Fund invests at least 90% of its total assets in stocks that are part of the Underlying Index. This Index tracks performance from companies listed in the United States that develop products designed for water conservation and purification across residential, commercial, and industrial markets.

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