Linscomb Wealth Inc. Sells 448 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Linscomb Wealth Inc. lowered its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 0.7% in the third quarter, Holdings Channel reports. The fund owned 61,884 shares of the company’s stock after selling 448 shares during the quarter. Linscomb Wealth Inc.’s holdings in Invesco Water Resources ETF were worth $4,365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cetera Advisors LLC lifted its holdings in shares of Invesco Water Resources ETF by 274.6% in the first quarter. Cetera Advisors LLC now owns 17,971 shares of the company’s stock worth $1,196,000 after acquiring an additional 13,173 shares during the last quarter. Creative Planning increased its stake in shares of Invesco Water Resources ETF by 2.0% in the second quarter. Creative Planning now owns 58,434 shares of the company’s stock valued at $3,793,000 after buying an additional 1,120 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Invesco Water Resources ETF in the second quarter valued at approximately $242,000. Comerica Bank increased its stake in shares of Invesco Water Resources ETF by 8.9% in the first quarter. Comerica Bank now owns 23,233 shares of the company’s stock valued at $1,547,000 after buying an additional 1,904 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Invesco Water Resources ETF by 30.3% in 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.

Invesco Water Resources ETF Stock Performance

Shares of Invesco Water Resources ETF stock traded down $0.63 on Friday, hitting $69.11. The stock had a trading volume of 15,726 shares, compared to its average volume of 71,086. The stock has a 50 day moving average of $69.61 and a 200 day moving average of $67.91. Invesco Water Resources ETF has a twelve month low of $55.12 and a twelve month high of $72.59. The firm has a market capitalization of $2.25 billion, a P/E ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders 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 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.