Invesco Water Resources ETF $PHO Position Lessened by Conservest Capital Advisors Inc.

Conservest Capital Advisors Inc. trimmed its position in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,476 shares of the company’s stock after selling 1,654 shares during the period. Invesco Water Resources ETF comprises approximately 0.5% of Conservest Capital Advisors Inc.’s portfolio, making the stock its 23rd biggest holding. Conservest Capital Advisors Inc. owned about 0.23% of Invesco Water Resources ETF worth $4,927,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC raised its holdings in shares of Invesco Water Resources ETF by 10.2% during the first quarter. LPL Financial LLC now owns 826,990 shares of the company’s stock worth $53,357,000 after acquiring an additional 76,821 shares in the last quarter. 1832 Asset Management L.P. increased its stake in shares of Invesco Water Resources ETF by 1.8% in the first quarter. 1832 Asset Management L.P. now owns 500,911 shares of the company’s stock worth $32,319,000 after purchasing an additional 8,757 shares during the period. HighTower Advisors LLC increased its stake in shares of Invesco Water Resources ETF by 1.1% in the first quarter. HighTower Advisors LLC now owns 415,878 shares of the company’s stock worth $26,832,000 after purchasing an additional 4,603 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Invesco Water Resources ETF by 71.1% in the first quarter. Commonwealth Equity Services LLC now owns 412,021 shares of the company’s stock worth $26,584,000 after purchasing an additional 171,240 shares during the period. Finally, Gitterman Wealth Management LLC acquired a new stake in Invesco Water Resources ETF during the first quarter worth about $23,448,000.

Invesco Water Resources ETF Stock Up 0.4%

PHO stock opened at $74.44 on Friday. Invesco Water Resources ETF has a twelve month low of $57.11 and a twelve month high of $74.93. The company has a market cap of $2.25 billion, a PE ratio of 25.38 and a beta of 0.96. The business’s 50-day simple moving average is $72.58 and its 200 day simple moving average is $69.80.

Invesco Water Resources ETF Cuts Dividend

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

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.