Avalon Capital Management Has $4 Million Stock Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

Avalon Capital Management trimmed its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 0.7% during the fourth quarter, HoldingsChannel reports. The fund owned 60,771 shares of the company’s stock after selling 448 shares during the quarter. Invesco Water Resources ETF comprises 1.3% of Avalon Capital Management’s holdings, making the stock its 20th largest position. Avalon Capital Management’s holdings in Invesco Water Resources ETF were worth $3,998,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Prism Advisors Inc. lifted its holdings in Invesco Water Resources ETF by 9.6% during the 4th quarter. Prism Advisors Inc. now owns 206,352 shares of the company’s stock worth $13,576,000 after buying an additional 18,054 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Invesco Water Resources ETF during the 4th quarter worth approximately $7,366,000. Stifel Financial Corp lifted its position in shares of Invesco Water Resources ETF by 5.5% in the 3rd quarter. Stifel Financial Corp now owns 106,627 shares of the company’s stock worth $7,522,000 after purchasing an additional 5,570 shares during the period. Bedell Frazier Investment Counselling LLC boosted its stake in shares of Invesco Water Resources ETF by 0.7% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 66,021 shares of the company’s stock valued at $4,657,000 after purchasing an additional 470 shares during the last quarter. Finally, Raab & Moskowitz Asset Management LLC increased its position in shares of Invesco Water Resources ETF by 0.6% during the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 60,246 shares of the company’s stock worth $3,964,000 after buying an additional 348 shares during the period.

Invesco Water Resources ETF Stock Down 0.1 %

Shares of NASDAQ PHO opened at $66.24 on Tuesday. The company has a market capitalization of $2.14 billion, a PE ratio of 26.66 and a beta of 0.96. The firm has a fifty day simple moving average of $67.00 and a 200 day simple moving average of $68.71. Invesco Water Resources ETF has a twelve month low of $62.82 and a twelve month high of $72.59.

Invesco Water Resources ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.0923 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.