Ledyard National Bank Sells 8,471 Shares of Invesco Water Resources ETF $PHO

Ledyard National Bank decreased its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 62.8% during the 3rd quarter, Holdings Channel reports. The firm owned 5,010 shares of the company’s stock after selling 8,471 shares during the period. Ledyard National Bank’s holdings in Invesco Water Resources ETF were worth $361,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp acquired a new stake in Invesco Water Resources ETF in the 2nd quarter valued at about $442,000. Hantz Financial Services Inc. acquired a new stake in shares of Invesco Water Resources ETF in the second quarter valued at approximately $54,000. Envestnet Asset Management Inc. boosted its stake in shares of Invesco Water Resources ETF by 14.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 49,651 shares of the company’s stock worth $3,471,000 after acquiring an additional 6,303 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Invesco Water Resources ETF by 5.3% during the 2nd quarter. D.A. Davidson & CO. now owns 15,871 shares of the company’s stock worth $1,110,000 after acquiring an additional 802 shares during the last quarter. Finally, Creative Planning raised its stake in Invesco Water Resources ETF by 5.3% in the 2nd quarter. Creative Planning now owns 64,385 shares of the company’s stock valued at $4,501,000 after acquiring an additional 3,260 shares during the period.

Invesco Water Resources ETF Price Performance

PHO stock opened at $74.22 on Friday. Invesco Water Resources ETF has a one year low of $57.11 and a one year high of $74.93. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 25.38 and a beta of 1.02. The company has a fifty day moving average price of $72.30 and a two-hundred day moving average price of $72.17.

Invesco Water Resources ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.0833 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.33 dividend on an annualized basis and a yield of 0.4%.

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.