HighTower Advisors LLC Trims Holdings in Invesco Water Resources ETF $PHO

HighTower Advisors LLC cut its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 88.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,181 shares of the company’s stock after selling 370,783 shares during the quarter. HighTower Advisors LLC’s holdings in Invesco Water Resources ETF were worth $3,463,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco Water Resources ETF by 98.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 99,519 shares of the company’s stock valued at $7,007,000 after purchasing an additional 49,247 shares in the last quarter. Allworth Financial LP grew its position in shares of Invesco Water Resources ETF by 189.7% in the fourth quarter. Allworth Financial LP now owns 2,709 shares of the company’s stock valued at $191,000 after purchasing an additional 1,774 shares in the last quarter. Pacific Sun Financial Corp grew its position in shares of Invesco Water Resources ETF by 3.9% in the fourth quarter. Pacific Sun Financial Corp now owns 7,778 shares of the company’s stock valued at $548,000 after purchasing an additional 290 shares in the last quarter. Ameritas Advisory Services LLC grew its position in shares of Invesco Water Resources ETF by 69.7% in the fourth quarter. Ameritas Advisory Services LLC now owns 3,041 shares of the company’s stock valued at $214,000 after purchasing an additional 1,249 shares in the last quarter. Finally, Strengthening Families & Communities LLC purchased a new position in shares of Invesco Water Resources ETF in the fourth quarter valued at $30,000.

Invesco Water Resources ETF Stock Performance

Shares of NASDAQ PHO opened at $65.90 on Friday. The stock has a market cap of $2.00 billion, a PE ratio of 25.38 and a beta of 1.00. Invesco Water Resources ETF has a fifty-two week low of $63.54 and a fifty-two week high of $74.93. The stock has a fifty day moving average of $67.39 and a 200-day moving average of $70.28.

Invesco Water Resources ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.1046 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.6%. This is a boost from Invesco Water Resources ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, March 23rd.

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.