Daymark Wealth Partners LLC Trims Stock Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

Daymark Wealth Partners LLC reduced its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 14.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,500 shares of the company’s stock after selling 600 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Invesco Water Resources ETF were worth $226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of Invesco Water Resources ETF by 3.6% during the fourth quarter. Bank of America Corp DE now owns 1,686,274 shares of the company’s stock worth $110,940,000 after purchasing an additional 58,316 shares during the last quarter. LPL Financial LLC raised its holdings in Invesco Water Resources ETF by 10.2% in the fourth quarter. LPL Financial LLC now owns 750,169 shares of the company’s stock valued at $49,354,000 after buying an additional 69,546 shares during the period. Raymond James Financial Inc. purchased a new stake in Invesco Water Resources ETF during the 4th quarter worth $34,604,000. HighTower Advisors LLC boosted its holdings in Invesco Water Resources ETF by 1.5% in the 4th quarter. HighTower Advisors LLC now owns 411,275 shares of the company’s stock worth $27,058,000 after acquiring an additional 5,881 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Invesco Water Resources ETF by 2.6% during the fourth quarter. Royal Bank of Canada now owns 405,324 shares of the company’s stock worth $26,666,000 after purchasing an additional 10,405 shares in the last quarter.

Invesco Water Resources ETF Price Performance

Shares of Invesco Water Resources ETF stock opened at $69.44 on Thursday. The business has a 50-day moving average of $65.64 and a 200-day moving average of $66.65. The company has a market capitalization of $2.19 billion, a PE ratio of 25.09 and a beta of 0.96. Invesco Water Resources ETF has a 1-year low of $57.11 and a 1-year high of $72.59.

Invesco Water Resources ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a dividend of $0.098 per share. The ex-dividend date was Monday, March 24th. This is an increase from Invesco Water Resources ETF’s previous dividend of $0.09.

Invesco Water Resources ETF 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.