Private Advisor Group LLC Reduces Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

Private Advisor Group LLC trimmed its position in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 3.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,103 shares of the company’s stock after selling 1,180 shares during the quarter. Private Advisor Group LLC owned 0.10% of Invesco Water Resources ETF worth $2,265,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Woodmont Investment Counsel LLC bought a new stake in shares of Invesco Water Resources ETF during the first quarter worth $27,000. Kovack Advisors Inc. bought a new stake in shares of Invesco Water Resources ETF during the first quarter worth $218,000. American Institute for Advanced Investment Management LLP lifted its position in shares of Invesco Water Resources ETF by 2.3% during the first quarter. American Institute for Advanced Investment Management LLP now owns 16,665 shares of the company’s stock worth $1,109,000 after purchasing an additional 370 shares during the last quarter. Kades & Cheifetz LLC bought a new stake in shares of Invesco Water Resources ETF during the first quarter worth $210,000. Finally, Blair William & Co. IL lifted its position in shares of Invesco Water Resources ETF by 0.8% during the first quarter. Blair William & Co. IL now owns 137,455 shares of the company’s stock worth $9,150,000 after purchasing an additional 1,099 shares during the last quarter.

Invesco Water Resources ETF Trading Down 0.4 %

NASDAQ:PHO opened at $68.85 on Wednesday. Invesco Water Resources ETF has a twelve month low of $49.69 and a twelve month high of $71.47. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96. The stock has a fifty day simple moving average of $69.28 and a 200-day simple moving average of $67.42.

Invesco Water Resources ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.20 annualized dividend 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.