Bank of America Corp DE Sells 14,341 Shares of Invesco Water Resources ETF $PHO

Bank of America Corp DE decreased its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 0.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,565,665 shares of the company’s stock after selling 14,341 shares during the quarter. Bank of America Corp DE owned approximately 0.05% of Invesco Water Resources ETF worth $104,680,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PHO. Hamilton Wealth LLC increased its stake in Invesco Water Resources ETF by 110.0% in the 1st quarter. Hamilton Wealth LLC now owns 247,036 shares of the company’s stock valued at $16,517,000 after buying an additional 129,405 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in Invesco Water Resources ETF by 3.1% in the first quarter. Arkadios Wealth Advisors now owns 13,899 shares of the company’s stock valued at $929,000 after acquiring an additional 417 shares during the last quarter. Royal Bank of Canada lifted its stake in Invesco Water Resources ETF by 13.3% in the first quarter. Royal Bank of Canada now owns 335,431 shares of the company’s stock valued at $22,428,000 after acquiring an additional 39,491 shares during the last quarter. Mustico Financial Group Inc. grew its position in shares of Invesco Water Resources ETF by 15.4% in the 1st quarter. Mustico Financial Group Inc. now owns 17,420 shares of the company’s stock valued at $1,206,000 after acquiring an additional 2,322 shares during the period. Finally, Lido Advisors LLC acquired a new position in shares of Invesco Water Resources ETF during the 1st quarter worth about $234,000.

Invesco Water Resources ETF Stock Performance

Shares of PHO stock opened at $73.31 on Friday. The firm’s 50-day moving average is $68.59 and its 200-day moving average is $69.17. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 25.38 and a beta of 0.96. Invesco Water Resources ETF has a 52-week low of $63.54 and a 52-week high of $74.93.

Invesco Water Resources ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.1228 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.49 annualized dividend and a yield of 0.7%.

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.