Invesco Water Resources ETF $PHO Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 62.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,651 shares of the company’s stock after selling 127,397 shares during the quarter. Commonwealth Equity Services LLC owned about 0.26% of Invesco Water Resources ETF worth $5,327,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. City Holding Co. purchased a new position in Invesco Water Resources ETF in the 4th quarter worth approximately $28,000. Strengthening Families & Communities LLC purchased a new position in Invesco Water Resources ETF in the 4th quarter worth approximately $30,000. Assetmark Inc. lifted its stake in Invesco Water Resources ETF by 45.4% in the 3rd quarter. Assetmark Inc. now owns 589 shares of the company’s stock worth $42,000 after purchasing an additional 184 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Invesco Water Resources ETF by 156.5% in the 2nd quarter. Geneos Wealth Management Inc. now owns 590 shares of the company’s stock worth $41,000 after purchasing an additional 360 shares in the last quarter. Finally, AE Wealth Management LLC lifted its stake in Invesco Water Resources ETF by 42.3% in the 3rd quarter. AE Wealth Management LLC now owns 811 shares of the company’s stock worth $58,000 after purchasing an additional 241 shares in the last quarter.

Invesco Water Resources ETF Price Performance

PHO opened at $66.39 on Friday. The company’s 50 day simple moving average is $67.35 and its two-hundred day simple moving average is $70.07. Invesco Water Resources ETF has a 1-year low of $63.54 and a 1-year high of $74.93. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 25.38 and a beta of 0.97.

Invesco Water Resources ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.1046 dividend. This is a positive change from Invesco Water Resources ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.42 dividend on an annualized basis and a yield of 0.6%.

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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.