Invesco Water Resources ETF $PHO Shares Sold by Equitable Trust Co.

Equitable Trust Co. trimmed its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 5.7% during the second quarter, HoldingsChannel reports. The fund owned 13,942 shares of the company’s stock after selling 847 shares during the quarter. Equitable Trust Co.’s holdings in Invesco Water Resources ETF were worth $975,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Astoria Portfolio Advisors LLC. acquired a new stake in shares of Invesco Water Resources ETF in the 2nd quarter valued at about $238,000. Sequoia Financial Advisors LLC increased its holdings in Invesco Water Resources ETF by 65.3% in the second quarter. Sequoia Financial Advisors LLC now owns 5,272 shares of the company’s stock valued at $369,000 after buying an additional 2,082 shares during the last quarter. Keener Financial Planning LLC acquired a new stake in Invesco Water Resources ETF during the second quarter valued at approximately $41,000. IFP Advisors Inc lifted its holdings in Invesco Water Resources ETF by 3.5% during the 2nd quarter. IFP Advisors Inc now owns 45,831 shares of the company’s stock worth $3,204,000 after buying an additional 1,550 shares during the last quarter. Finally, Blair William & Co. IL grew its position in shares of Invesco Water Resources ETF by 14.9% in the 2nd quarter. Blair William & Co. IL now owns 136,963 shares of the company’s stock worth $9,575,000 after acquiring an additional 17,734 shares in the last quarter.

Invesco Water Resources ETF Trading Up 1.1%

Shares of NASDAQ PHO opened at $73.09 on Wednesday. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 25.38 and a beta of 0.96. Invesco Water Resources ETF has a twelve month low of $57.11 and a twelve month high of $74.33. The business has a 50 day simple moving average of $72.30 and a 200-day simple moving average of $69.12.

Invesco Water Resources ETF Cuts Dividend

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

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.