Oppenheimer & Co. Inc. Decreases Position in Invesco Water Resources ETF (NASDAQ:PHO)

Oppenheimer & Co. Inc. trimmed its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 2.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,514 shares of the company’s stock after selling 378 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Invesco Water Resources ETF were worth $883,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Private Wealth Advisors LLC boosted its stake in Invesco Water Resources ETF by 1.4% in the third quarter. Private Wealth Advisors LLC now owns 21,335 shares of the company’s stock valued at $1,494,000 after acquiring an additional 291 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in shares of Invesco Water Resources ETF in the 3rd quarter valued at about $1,973,000. Bond & Devick Financial Network Inc. grew its stake in Invesco Water Resources ETF by 17.8% during the 3rd quarter. Bond & Devick Financial Network Inc. now owns 18,527 shares of the company’s stock worth $1,307,000 after buying an additional 2,803 shares during the last quarter. Kennebec Savings Bank purchased a new stake in Invesco Water Resources ETF in the third quarter valued at approximately $60,000. Finally, Mesirow Financial Investment Management Inc. lifted its stake in Invesco Water Resources ETF by 9.9% in the third quarter. Mesirow Financial Investment Management Inc. now owns 7,805 shares of the company’s stock valued at $551,000 after buying an additional 706 shares during the last quarter.

Invesco Water Resources ETF Trading Down 0.3 %

Shares of PHO opened at $69.29 on Wednesday. The company’s 50 day simple moving average is $69.77 and its 200-day simple moving average is $68.04. The firm has a market cap of $2.26 billion, a PE ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a 12-month low of $55.12 and a 12-month high of $72.59.

Invesco Water Resources ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.05 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.29%.

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.