Invesco Water Resources ETF $PHO Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI cut its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,359 shares of the company’s stock after selling 200 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Invesco Water Resources ETF were worth $1,913,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC lifted its holdings in Invesco Water Resources ETF by 5.9% in the first quarter. Dynamic Advisor Solutions LLC now owns 8,992 shares of the company’s stock valued at $580,000 after acquiring an additional 497 shares during the period. Golden State Wealth Management LLC raised its stake in shares of Invesco Water Resources ETF by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 496 shares of the company’s stock worth $32,000 after buying an additional 248 shares during the period. Fifth Third Bancorp raised its stake in shares of Invesco Water Resources ETF by 11.2% during the 1st quarter. Fifth Third Bancorp now owns 2,890 shares of the company’s stock worth $186,000 after buying an additional 290 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Invesco Water Resources ETF by 33.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 43,348 shares of the company’s stock worth $2,797,000 after buying an additional 10,839 shares during the period. Finally, LPL Financial LLC raised its stake in shares of Invesco Water Resources ETF by 10.2% during the 1st quarter. LPL Financial LLC now owns 826,990 shares of the company’s stock worth $53,357,000 after buying an additional 76,821 shares during the period.

Invesco Water Resources ETF Price Performance

Shares of PHO stock opened at $72.66 on Friday. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 25.38 and a beta of 0.96. The stock has a 50 day simple moving average of $71.96 and a 200-day simple moving average of $68.67. Invesco Water Resources ETF has a 1-year low of $57.11 and a 1-year high of $74.33.

Invesco Water Resources ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.093 per share. This represents a $0.37 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

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.