Merit Financial Group LLC Cuts Stock Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

Merit Financial Group LLC lowered its position in Invesco Water Resources ETF (NASDAQ:PHO) by 49.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,683 shares of the company’s stock after selling 5,548 shares during the period. Merit Financial Group LLC’s holdings in Invesco Water Resources ETF were worth $374,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PHO. IHT Wealth Management LLC raised its stake in shares of Invesco Water Resources ETF by 1.9% during the 3rd quarter. IHT Wealth Management LLC now owns 8,251 shares of the company’s stock worth $582,000 after purchasing an additional 151 shares during the period. Raab & Moskowitz Asset Management LLC boosted its stake in Invesco Water Resources ETF by 0.3% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 59,898 shares of the company’s stock valued at $4,225,000 after acquiring an additional 180 shares during the last quarter. MML Investors Services LLC grew its position in shares of Invesco Water Resources ETF by 1.3% during the 3rd quarter. MML Investors Services LLC now owns 14,625 shares of the company’s stock valued at $1,032,000 after acquiring an additional 181 shares during the period. Captrust Financial Advisors increased its stake in shares of Invesco Water Resources ETF by 0.8% during the 3rd quarter. Captrust Financial Advisors now owns 22,492 shares of the company’s stock worth $1,587,000 after purchasing an additional 189 shares during the last quarter. Finally, O ROURKE & COMPANY Inc raised its holdings in shares of Invesco Water Resources ETF by 0.8% in the 3rd quarter. O ROURKE & COMPANY Inc now owns 29,111 shares of the company’s stock worth $2,053,000 after purchasing an additional 227 shares during the period.

Invesco Water Resources ETF Trading Down 0.9 %

Shares of NASDAQ PHO opened at $67.75 on Friday. The stock has a fifty day simple moving average of $68.37 and a two-hundred day simple moving average of $68.71. Invesco Water Resources ETF has a 1-year low of $59.05 and a 1-year high of $72.59. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued 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.