Relyea Zuckerberg Hanson LLC Sells 2,880 Shares of Invesco Water Resources ETF $PHO

Relyea Zuckerberg Hanson LLC cut its position in Invesco Water Resources ETF (NASDAQ:PHO) by 38.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,680 shares of the company’s stock after selling 2,880 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Invesco Water Resources ETF were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PHO. Dynamic Advisor Solutions LLC grew its position in shares of Invesco Water Resources ETF by 5.9% in the first quarter. Dynamic Advisor Solutions LLC now owns 8,992 shares of the company’s stock valued at $580,000 after purchasing an additional 497 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in Invesco Water Resources ETF by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 496 shares of the company’s stock valued at $32,000 after purchasing an additional 248 shares during the period. Fifth Third Bancorp grew its holdings in Invesco Water Resources ETF by 11.2% in the 1st quarter. Fifth Third Bancorp now owns 2,890 shares of the company’s stock valued at $186,000 after buying an additional 290 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Invesco Water Resources ETF by 33.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 43,348 shares of the company’s stock valued at $2,797,000 after buying an additional 10,839 shares during the last quarter. Finally, LPL Financial LLC increased its position in Invesco Water Resources ETF by 10.2% in the 1st quarter. LPL Financial LLC now owns 826,990 shares of the company’s stock worth $53,357,000 after buying an additional 76,821 shares during the period.

Invesco Water Resources ETF Stock Up 0.3%

Shares of PHO stock opened at $73.31 on Tuesday. Invesco Water Resources ETF has a 12 month low of $57.11 and a 12 month high of $74.33. The firm has a market cap of $2.28 billion, a PE ratio of 25.38 and a beta of 0.96. The stock has a 50 day moving average of $72.05 and a 200-day moving average of $68.83.

Invesco Water Resources ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a $0.093 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.37 dividend on an annualized basis and a yield of 0.5%.

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.