Invesco Water Resources ETF (NASDAQ:PHO) Stock Position Lowered by Nilsine Partners LLC

Nilsine Partners LLC lowered its position in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 3.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,443 shares of the company’s stock after selling 944 shares during the period. Nilsine Partners LLC’s holdings in Invesco Water Resources ETF were worth $1,542,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Raymond James & Associates boosted 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 valued at $21,323,000 after purchasing an additional 185,770 shares during the period. Prism Advisors Inc. lifted its stake in Invesco Water Resources ETF by 25.7% during the third quarter. Prism Advisors Inc. now owns 188,298 shares of the company’s stock valued at $13,283,000 after buying an additional 38,476 shares in the last quarter. Bank of Montreal Can lifted its stake in Invesco Water Resources ETF by 438.0% during the second quarter. Bank of Montreal Can now owns 36,624 shares of the company’s stock valued at $2,501,000 after buying an additional 29,816 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new position in shares of Invesco Water Resources ETF in the third quarter worth about $1,973,000. Finally, Westwind Capital increased its position in shares of Invesco Water Resources ETF by 1,307.8% in the third quarter. Westwind Capital now owns 23,102 shares of the company’s stock worth $1,630,000 after acquiring an additional 21,461 shares in the last quarter.

Invesco Water Resources ETF Price Performance

PHO stock opened at $68.46 on Wednesday. The firm has a market capitalization of $2.21 billion, a P/E ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a 52-week low of $59.25 and a 52-week high of $72.59. The company’s 50 day simple moving average is $68.33 and its 200-day simple moving average is $68.80.

Invesco Water Resources ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.0923 per share. The ex-dividend date of this dividend was Monday, December 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.