NewEdge Wealth LLC Sells 499 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

NewEdge Wealth LLC decreased its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,693 shares of the company’s stock after selling 499 shares during the period. NewEdge Wealth LLC’s holdings in Invesco Water Resources ETF were worth $955,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PHO. Bank of America Corp DE grew its holdings in Invesco Water Resources ETF by 3.1% during the first quarter. Bank of America Corp DE now owns 1,760,507 shares of the company’s stock worth $93,923,000 after purchasing an additional 53,323 shares during the period. Morgan Stanley grew its holdings in Invesco Water Resources ETF by 3.6% during the third quarter. Morgan Stanley now owns 1,217,417 shares of the company’s stock worth $64,742,000 after purchasing an additional 41,738 shares during the period. UBS Group AG grew its holdings in Invesco Water Resources ETF by 1.3% during the third quarter. UBS Group AG now owns 846,971 shares of the company’s stock worth $45,042,000 after purchasing an additional 10,965 shares during the period. 1832 Asset Management L.P. grew its holdings in Invesco Water Resources ETF by 351,469.0% during the first quarter. 1832 Asset Management L.P. now owns 703,138 shares of the company’s stock worth $36,768,000 after purchasing an additional 702,938 shares during the period. Finally, LPL Financial LLC grew its holdings in Invesco Water Resources ETF by 0.7% during the third quarter. LPL Financial LLC now owns 632,891 shares of the company’s stock worth $33,657,000 after purchasing an additional 4,499 shares during the period.

Invesco Water Resources ETF Stock Performance

Invesco Water Resources ETF stock opened at $63.57 on Tuesday. Invesco Water Resources ETF has a 52 week low of $49.65 and a 52 week high of $66.74. The stock has a market capitalization of $2.03 billion, a P/E ratio of 34.93 and a beta of 0.96. The stock has a 50-day simple moving average of $64.20 and a 200 day simple moving average of $59.12.

Invesco Water Resources ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.0629 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Monday, March 18th.

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.