Osborne Partners Capital Management LLC Sells 3,495 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Osborne Partners Capital Management LLC reduced its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 49.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,627 shares of the company’s stock after selling 3,495 shares during the period. Osborne Partners Capital Management LLC’s holdings in Invesco Water Resources ETF were worth $234,000 at the end of the most recent reporting period.

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

Invesco Water Resources ETF Stock Performance

NASDAQ:PHO opened at $68.33 on Friday. Invesco Water Resources ETF has a fifty-two week low of $57.11 and a fifty-two week high of $72.59. The stock has a market capitalization of $2.13 billion, a P/E ratio of 24.50 and a beta of 1.00. The company’s 50-day simple moving average is $66.78 and its 200-day simple moving average is $66.50.

Invesco Water Resources ETF Increases Dividend

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

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.