Foundations Investment Advisors LLC Has $585,000 Stock Position in Invesco Water Resources ETF (NASDAQ:PHO)

Foundations Investment Advisors LLC lowered its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 28.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,298 shares of the company’s stock after selling 3,324 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Invesco Water Resources ETF were worth $585,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cetera Advisors LLC raised its stake in Invesco Water Resources ETF by 274.6% during the 1st quarter. Cetera Advisors LLC now owns 17,971 shares of the company’s stock valued at $1,196,000 after purchasing an additional 13,173 shares during the period. Creative Planning raised its position in Invesco Water Resources ETF by 2.0% during the second quarter. Creative Planning now owns 58,434 shares of the company’s stock valued at $3,793,000 after buying an additional 1,120 shares during the period. Sanctuary Advisors LLC purchased a new stake in Invesco Water Resources ETF in the 2nd quarter worth about $242,000. Comerica Bank boosted its position in Invesco Water Resources ETF by 8.9% during the 1st quarter. Comerica Bank now owns 23,233 shares of the company’s stock worth $1,547,000 after acquiring an additional 1,904 shares during the period. Finally, Raymond James & Associates boosted its position in Invesco Water Resources ETF by 30.3% during the 2nd quarter. Raymond James & Associates now owns 116,508 shares of the company’s stock worth $7,563,000 after acquiring an additional 27,112 shares during the period.

Invesco Water Resources ETF Price Performance

Shares of PHO opened at $68.62 on Friday. The business’s 50-day moving average is $69.26 and its 200-day moving average is $67.33. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a fifty-two week low of $49.65 and a fifty-two week high of $71.47.

Invesco Water Resources ETF Cuts Dividend

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