Cetera Investment Advisers Sells 12,972 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Cetera Investment Advisers lessened its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 218,498 shares of the company’s stock after selling 12,972 shares during the period. Cetera Investment Advisers’ holdings in Invesco Water Resources ETF were worth $14,375,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Invesco Water Resources ETF during the 4th quarter valued at $34,604,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Invesco Water Resources ETF in the fourth quarter worth about $7,366,000. LPL Financial LLC grew its holdings in Invesco Water Resources ETF by 10.2% during the 4th quarter. LPL Financial LLC now owns 750,169 shares of the company’s stock worth $49,354,000 after acquiring an additional 69,546 shares in the last quarter. Bank of America Corp DE increased its position in Invesco Water Resources ETF by 3.6% during the 4th quarter. Bank of America Corp DE now owns 1,686,274 shares of the company’s stock valued at $110,940,000 after purchasing an additional 58,316 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of Invesco Water Resources ETF by 945.0% in the 4th quarter. IFP Advisors Inc now owns 35,447 shares of the company’s stock valued at $2,332,000 after purchasing an additional 32,055 shares in the last quarter.

Invesco Water Resources ETF Stock Performance

NASDAQ PHO opened at $66.70 on Friday. The company has a market cap of $2.10 billion, a PE ratio of 25.23 and a beta of 0.96. The firm’s 50 day moving average price is $64.01 and its 200-day moving average price is $66.87. Invesco Water Resources ETF has a 52-week low of $57.11 and a 52-week high of $72.59.

Invesco Water Resources ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.098 dividend. The ex-dividend date 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.