Spire Wealth Management Lowers Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

Spire Wealth Management reduced its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,290 shares of the company’s stock after selling 298 shares during the quarter. Spire Wealth Management owned 0.05% of Invesco Water Resources ETF worth $970,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PHO. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Invesco Water Resources ETF during the 4th quarter valued at approximately $25,000. Planned Solutions Inc. purchased a new stake in shares of Invesco Water Resources ETF during the 4th quarter worth about $35,000. Keener Financial Planning LLC acquired a new stake in shares of Invesco Water Resources ETF during the 4th quarter valued at about $37,000. BKM Wealth Management LLC purchased a new position in shares of Invesco Water Resources ETF in the 4th quarter valued at about $39,000. Finally, Avalon Trust Co acquired a new position in Invesco Water Resources ETF in the 4th quarter worth about $55,000.

Invesco Water Resources ETF Trading Up 0.2 %

Shares of PHO opened at $67.27 on Thursday. Invesco Water Resources ETF has a 12 month low of $49.65 and a 12 month high of $67.34. The firm has a market cap of $2.16 billion, a P/E ratio of 34.90 and a beta of 0.96. The stock’s 50 day moving average is $64.97 and its two-hundred day moving average is $60.51.

Invesco Water Resources ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were given a $0.0629 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 0.37%.

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.