Invesco Water Resources ETF (NASDAQ:PHO) Shares Sold by Glen Eagle Advisors LLC

Glen Eagle Advisors LLC trimmed its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 22.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,929 shares of the company’s stock after selling 4,875 shares during the quarter. Glen Eagle Advisors LLC owned about 0.05% of Invesco Water Resources ETF worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kovitz Investment Group Partners LLC boosted its stake in Invesco Water Resources ETF by 13.2% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 11,820 shares of the company’s stock valued at $789,000 after purchasing an additional 1,375 shares during the period. Stifel Financial Corp boosted its position in shares of Invesco Water Resources ETF by 5.5% during the third quarter. Stifel Financial Corp now owns 106,627 shares of the company’s stock worth $7,522,000 after buying an additional 5,570 shares during the period. IHT Wealth Management LLC grew its holdings in Invesco Water Resources ETF by 1.9% in the 3rd quarter. IHT Wealth Management LLC now owns 8,251 shares of the company’s stock worth $582,000 after buying an additional 151 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in Invesco Water Resources ETF in the 3rd quarter valued at approximately $250,000. Finally, FSA Wealth Management LLC bought a new stake in Invesco Water Resources ETF during the 3rd quarter valued at $184,000.

Invesco Water Resources ETF Stock Down 0.1 %

PHO stock opened at $71.22 on Friday. The company has a 50-day simple moving average of $70.35 and a 200 day simple moving average of $68.34. The company has a market capitalization of $2.32 billion, a P/E ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a fifty-two week low of $57.14 and a fifty-two week high of $72.59.

Invesco Water Resources ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.20 annualized dividend and a yield of 0.28%.

Invesco Water Resources ETF Company 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.