US Financial Advisors LLC Sells 739 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

US Financial Advisors LLC decreased its position in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 15.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,010 shares of the company’s stock after selling 739 shares during the period. US Financial Advisors LLC’s holdings in Invesco Water Resources ETF were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Invesco Water Resources ETF in the second quarter worth about $25,000. ESL Trust Services LLC bought a new stake in shares of Invesco Water Resources ETF during the first quarter worth $27,000. Larson Financial Group LLC acquired a new position in shares of Invesco Water Resources ETF during the second quarter worth $34,000. ORG Partners LLC acquired a new stake in shares of Invesco Water Resources ETF during the 2nd quarter valued at $38,000. Finally, Rothschild Investment LLC bought a new position in Invesco Water Resources ETF in the second quarter valued at about $42,000.

Invesco Water Resources ETF Price Performance

Shares of NASDAQ PHO opened at $72.10 on Thursday. The company has a 50 day simple moving average of $69.32 and a 200 day simple moving average of $67.66. Invesco Water Resources ETF has a 1 year low of $52.40 and a 1 year high of $72.59. The firm has a market cap of $2.35 billion, a PE ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Monday, September 23rd.

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.