Kestra Advisory Services LLC Trims Position in Invesco Water Resources ETF (NASDAQ:PHO)

Kestra Advisory Services LLC lessened its stake in shares of Invesco Water Resources ETF (NASDAQ:PHOGet Rating) by 64.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,951 shares of the company’s stock after selling 57,334 shares during the period. Kestra Advisory Services LLC’s holdings in Invesco Water Resources ETF were worth $1,416,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. HighTower Advisors LLC grew its position in shares of Invesco Water Resources ETF by 2.2% during the first quarter. HighTower Advisors LLC now owns 32,263 shares of the company’s stock worth $1,716,000 after buying an additional 685 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Invesco Water Resources ETF by 5.3% during the first quarter. Baird Financial Group Inc. now owns 29,307 shares of the company’s stock worth $1,554,000 after purchasing an additional 1,474 shares during the last quarter. First Western Trust Bank purchased a new stake in shares of Invesco Water Resources ETF during the first quarter worth approximately $215,000. Equitable Holdings Inc. raised its position in Invesco Water Resources ETF by 7.5% in the first quarter. Equitable Holdings Inc. now owns 7,447 shares of the company’s stock worth $395,000 after acquiring an additional 521 shares in the last quarter. Finally, SS&H Financial Advisors Inc. purchased a new position in Invesco Water Resources ETF in the first quarter worth $382,000.

Invesco Water Resources ETF Price Performance

Invesco Water Resources ETF stock opened at $53.20 on Tuesday. Invesco Water Resources ETF has a fifty-two week low of $43.22 and a fifty-two week high of $54.75. The stock’s fifty day moving average is $52.52 and its two-hundred day moving average is $50.58.

Invesco Water Resources ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Tuesday, December 20th were paid a dividend of $0.133 per share. The ex-dividend date was Monday, December 19th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 1.00%. This is a positive change from Invesco Water Resources ETF’s previous quarterly dividend of $0.04.

About Invesco Water Resources ETF

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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.

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Institutional Ownership by Quarter for Invesco Water Resources ETF (NASDAQ:PHO)

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