Ledyard National Bank Sells 379 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Ledyard National Bank cut its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,458 shares of the company’s stock after selling 379 shares during the quarter. Ledyard National Bank’s holdings in Invesco Water Resources ETF were worth $1,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of PHO. Cetera Advisors LLC increased its position in shares of Invesco Water Resources ETF by 274.6% during the first quarter. Cetera Advisors LLC now owns 17,971 shares of the company’s stock valued at $1,196,000 after buying an additional 13,173 shares during the period. Creative Planning lifted its stake in shares of Invesco Water Resources ETF by 2.0% in the 2nd quarter. Creative Planning now owns 58,434 shares of the company’s stock valued at $3,793,000 after purchasing an additional 1,120 shares during the period. Comerica Bank grew its stake in Invesco Water Resources ETF by 8.9% in the first quarter. Comerica Bank now owns 23,233 shares of the company’s stock worth $1,547,000 after purchasing an additional 1,904 shares during the period. Raymond James & Associates lifted its position in Invesco Water Resources ETF by 30.3% during the second quarter. Raymond James & Associates now owns 116,508 shares of the company’s stock valued at $7,563,000 after buying an additional 27,112 shares during the period. Finally, 1832 Asset Management L.P. lifted its position in Invesco Water Resources ETF by 147.7% during the first quarter. 1832 Asset Management L.P. now owns 524,079 shares of the company’s stock valued at $34,888,000 after buying an additional 312,475 shares during the period.

Invesco Water Resources ETF Price Performance

Shares of NASDAQ PHO opened at $70.10 on Tuesday. Invesco Water Resources ETF has a 1 year low of $49.65 and a 1 year high of $71.47. The firm has a 50-day moving average of $69.15 and a 200 day moving average of $67.25. The stock has a market cap of $2.28 billion, a P/E ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.05 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.29%.

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.