Avalon Capital Management Sells 3,733 Shares of Invesco Water Resources ETF $PHO

Avalon Capital Management lessened its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 6.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,969 shares of the company’s stock after selling 3,733 shares during the quarter. Invesco Water Resources ETF comprises about 1.1% of Avalon Capital Management’s investment portfolio, making the stock its 29th largest holding. Avalon Capital Management owned about 0.18% of Invesco Water Resources ETF worth $3,983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Assetmark Inc. acquired a new position in shares of Invesco Water Resources ETF during the 1st quarter worth about $25,000. Costello Asset Management INC bought a new position in Invesco Water Resources ETF during the 1st quarter worth approximately $26,000. Garde Capital Inc. acquired a new position in Invesco Water Resources ETF during the second quarter valued at approximately $32,000. AE Wealth Management LLC grew its holdings in Invesco Water Resources ETF by 5,081.8% during the second quarter. AE Wealth Management LLC now owns 570 shares of the company’s stock valued at $40,000 after purchasing an additional 559 shares during the period. Finally, Keener Financial Planning LLC bought a new stake in Invesco Water Resources ETF in the second quarter valued at approximately $41,000.

Invesco Water Resources ETF Stock Up 0.2%

Shares of NASDAQ PHO opened at $72.20 on Tuesday. The company’s fifty day moving average is $72.35 and its 200-day moving average is $70.66. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 25.38 and a beta of 1.02. Invesco Water Resources ETF has a twelve month low of $57.11 and a twelve month high of $74.93.

Invesco Water Resources ETF Cuts Dividend

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

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.