Spire Wealth Management Sells 298 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Spire Wealth Management lessened its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 1.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 16,290 shares of the company’s stock after selling 298 shares during the period. Spire Wealth Management’s holdings in Invesco Water Resources ETF were worth $970,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Verity Asset Management Inc. boosted its position in shares of Invesco Water Resources ETF by 0.6% during the 3rd quarter. Verity Asset Management Inc. now owns 31,868 shares of the company’s stock worth $1,695,000 after acquiring an additional 191 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Invesco Water Resources ETF by 27.6% in the 3rd quarter. Signaturefd LLC now owns 1,485 shares of the company’s stock valued at $79,000 after purchasing an additional 321 shares in the last quarter. Nilsine Partners LLC increased its stake in shares of Invesco Water Resources ETF by 1.4% in the 3rd quarter. Nilsine Partners LLC now owns 24,221 shares of the company’s stock valued at $1,288,000 after purchasing an additional 340 shares during the last quarter. US Financial Advisors LLC increased its stake in shares of Invesco Water Resources ETF by 9.6% in the 3rd quarter. US Financial Advisors LLC now owns 4,239 shares of the company’s stock valued at $225,000 after purchasing an additional 370 shares during the last quarter. Finally, MCIA Inc raised its holdings in shares of Invesco Water Resources ETF by 10.0% during the 3rd quarter. MCIA Inc now owns 4,150 shares of the company’s stock worth $221,000 after buying an additional 378 shares in the last quarter.

Invesco Water Resources ETF Stock Up 0.2 %

Shares of PHO stock opened at $67.27 on Thursday. The business has a fifty day simple moving average of $64.97 and a 200 day simple moving average of $60.51. The company has a market cap of $2.16 billion, a P/E ratio of 34.90 and a beta of 0.96. Invesco Water Resources ETF has a twelve month low of $49.65 and a twelve month high of $67.34.

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 issued a $0.0629 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.37%.

About Invesco Water Resources ETF

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.