Wealthspan Partners LLC Sells 303 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Wealthspan Partners LLC trimmed its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 3.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,414 shares of the company’s stock after selling 303 shares during the quarter. Wealthspan Partners LLC’s holdings in Invesco Water Resources ETF were worth $607,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of Invesco Water Resources ETF by 3.6% in the fourth quarter. Bank of America Corp DE now owns 1,686,274 shares of the company’s stock valued at $110,940,000 after buying an additional 58,316 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Invesco Water Resources ETF by 10.2% in the fourth quarter. LPL Financial LLC now owns 750,169 shares of the company’s stock valued at $49,354,000 after buying an additional 69,546 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Invesco Water Resources ETF in the fourth quarter valued at about $34,604,000. HighTower Advisors LLC raised its holdings in Invesco Water Resources ETF by 1.5% during the 4th quarter. HighTower Advisors LLC now owns 411,275 shares of the company’s stock worth $27,058,000 after purchasing an additional 5,881 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in Invesco Water Resources ETF by 2.6% during the 4th quarter. Royal Bank of Canada now owns 405,324 shares of the company’s stock worth $26,666,000 after purchasing an additional 10,405 shares during the last quarter.

Invesco Water Resources ETF Trading Up 0.0%

Shares of NASDAQ:PHO opened at $68.21 on Thursday. The stock has a market capitalization of $2.13 billion, a P/E ratio of 24.50 and a beta of 1.00. Invesco Water Resources ETF has a 1-year low of $57.11 and a 1-year high of $72.59. The business has a 50-day moving average price of $66.51 and a two-hundred day moving average price of $66.55.

Invesco Water Resources ETF Increases Dividend

The company 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. This is a boost from Invesco Water Resources ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Monday, March 24th.

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.