Invesco Water Resources ETF $PHO Shares Sold by Financial Connections Group Inc.

Financial Connections Group Inc. cut its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 20.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 558 shares of the company’s stock after selling 145 shares during the period. Financial Connections Group Inc.’s holdings in Invesco Water Resources ETF were worth $39,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC increased its position in Invesco Water Resources ETF by 10.2% in the first quarter. LPL Financial LLC now owns 826,990 shares of the company’s stock worth $53,357,000 after buying an additional 76,821 shares during the period. 1832 Asset Management L.P. increased its position in Invesco Water Resources ETF by 1.8% in the first quarter. 1832 Asset Management L.P. now owns 500,911 shares of the company’s stock worth $32,319,000 after buying an additional 8,757 shares during the period. HighTower Advisors LLC increased its position in Invesco Water Resources ETF by 1.1% in the first quarter. HighTower Advisors LLC now owns 415,878 shares of the company’s stock worth $26,832,000 after buying an additional 4,603 shares during the period. Commonwealth Equity Services LLC increased its position in Invesco Water Resources ETF by 71.1% in the first quarter. Commonwealth Equity Services LLC now owns 412,021 shares of the company’s stock worth $26,584,000 after buying an additional 171,240 shares during the period. Finally, Gitterman Wealth Management LLC acquired a new stake in Invesco Water Resources ETF in the first quarter worth $23,448,000.

Invesco Water Resources ETF Stock Performance

Shares of PHO opened at $71.76 on Friday. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 25.38 and a beta of 0.96. Invesco Water Resources ETF has a one year low of $57.11 and a one year high of $74.33. The stock’s fifty day moving average is $72.23 and its 200-day moving average is $68.99.

Invesco Water Resources ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were given a dividend of $0.093 per share. The ex-dividend date was Monday, September 22nd. This represents a $0.37 annualized dividend and a dividend yield of 0.5%.

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.