MinichMacGregor Wealth Management LLC Sells 208 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

MinichMacGregor Wealth Management LLC decreased its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,180 shares of the company’s stock after selling 208 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in Invesco Water Resources ETF were worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in PHO. 1832 Asset Management L.P. increased its stake in shares of 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. Cetera Investment Advisers raised its holdings in shares of Invesco Water Resources ETF by 1,167.6% in the 1st quarter. Cetera Investment Advisers now owns 232,199 shares of the company’s stock valued at $15,457,000 after purchasing an additional 213,881 shares in the last quarter. Raymond James & Associates lifted its position in shares of Invesco Water Resources ETF by 159.4% in the 3rd quarter. Raymond James & Associates now owns 302,278 shares of the company’s stock worth $21,323,000 after purchasing an additional 185,770 shares during the period. Prism Advisors Inc. boosted its stake in shares of Invesco Water Resources ETF by 1,504.8% during the second quarter. Prism Advisors Inc. now owns 149,822 shares of the company’s stock valued at $9,725,000 after purchasing an additional 140,486 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in Invesco Water Resources ETF by 17.9% during the second quarter. LPL Financial LLC now owns 668,590 shares of the company’s stock valued at $43,398,000 after buying an additional 101,342 shares during the period.

Invesco Water Resources ETF Stock Performance

NASDAQ:PHO traded up $0.67 during trading hours on Tuesday, reaching $69.80. The company’s stock had a trading volume of 7,156 shares, compared to its average volume of 70,283. Invesco Water Resources ETF has a 12 month low of $52.40 and a 12 month high of $71.47. The stock has a 50 day moving average price of $69.24 and a two-hundred day moving average price of $67.58. The company has a market capitalization of $2.27 billion, a P/E ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

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

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.