McElhenny Sheffield Capital Management LLC Decreases Stock Position in Invesco Water Resources ETF (NASDAQ:PHO)

McElhenny Sheffield Capital Management LLC decreased its position in Invesco Water Resources ETF (NASDAQ:PHO) by 8.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,015 shares of the company’s stock after selling 375 shares during the quarter. McElhenny Sheffield Capital Management LLC’s holdings in Invesco Water Resources ETF were worth $259,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp boosted its stake in shares of Invesco Water Resources ETF by 11.2% in the first quarter. Fifth Third Bancorp now owns 2,890 shares of the company’s stock valued at $186,000 after purchasing an additional 290 shares during the period. CX Institutional acquired a new position in Invesco Water Resources ETF in the 1st quarter worth $65,000. Farther Finance Advisors LLC boosted its position in Invesco Water Resources ETF by 219.1% in the 1st quarter. Farther Finance Advisors LLC now owns 820 shares of the company’s stock valued at $53,000 after buying an additional 563 shares during the last quarter. SOA Wealth Advisors LLC. boosted its position in Invesco Water Resources ETF by 6,246.8% in the 1st quarter. SOA Wealth Advisors LLC. now owns 64,674 shares of the company’s stock valued at $4,173,000 after buying an additional 63,655 shares during the last quarter. Finally, Lpwm LLC grew its stake in shares of Invesco Water Resources ETF by 8.6% during the first quarter. Lpwm LLC now owns 4,875 shares of the company’s stock valued at $315,000 after acquiring an additional 388 shares in the last quarter.

Invesco Water Resources ETF Stock Performance

Shares of NASDAQ PHO opened at $69.44 on Thursday. Invesco Water Resources ETF has a 1 year low of $57.11 and a 1 year high of $72.59. The stock’s 50-day simple moving average is $65.64 and its 200-day simple moving average is $66.65. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 25.09 and a beta of 0.96.

Invesco Water Resources ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.098 per share. The ex-dividend date of this dividend was Monday, March 24th. This is an increase from Invesco Water Resources ETF’s previous dividend of $0.09.

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.