Commonwealth Equity Services LLC Trims Stock Position in Invesco Water Resources ETF $PHO

Commonwealth Equity Services LLC lessened its position in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 62.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 75,651 shares of the company’s stock after selling 127,397 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Invesco Water Resources ETF were worth $5,327,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of Invesco Water Resources ETF by 2.2% during the 3rd quarter. Bank of America Corp DE now owns 1,638,327 shares of the company’s stock valued at $118,140,000 after buying an additional 34,972 shares during the period. UBS Group AG raised its position in shares of Invesco Water Resources ETF by 4.8% during the 3rd quarter. UBS Group AG now owns 443,460 shares of the company’s stock valued at $31,978,000 after buying an additional 20,261 shares during the period. HighTower Advisors LLC raised its position in shares of Invesco Water Resources ETF by 0.8% during the 3rd quarter. HighTower Advisors LLC now owns 419,964 shares of the company’s stock valued at $30,284,000 after buying an additional 3,308 shares during the period. Perigon Wealth Management LLC purchased a new stake in shares of Invesco Water Resources ETF during the 4th quarter valued at approximately $27,057,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Invesco Water Resources ETF by 1.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 290,583 shares of the company’s stock valued at $20,460,000 after buying an additional 3,576 shares during the period.

Invesco Water Resources ETF Stock Performance

PHO stock opened at $66.39 on Friday. The firm has a market cap of $2.02 billion, a PE ratio of 25.38 and a beta of 0.97. The firm’s 50 day moving average price is $67.35 and its 200-day moving average price is $70.07. Invesco Water Resources ETF has a one year low of $63.54 and a one year high of $74.93.

Invesco Water Resources ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.1046 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd. This is a boost from Invesco Water Resources ETF’s previous quarterly dividend of $0.08.

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