Conservest Capital Advisors Inc. Sells 1,654 Shares of Invesco Water Resources ETF $PHO

Conservest Capital Advisors Inc. lowered its position in Invesco Water Resources ETF (NASDAQ:PHO) by 2.3% in the second quarter, HoldingsChannel.com reports. The fund owned 70,476 shares of the company’s stock after selling 1,654 shares during the quarter. Invesco Water Resources ETF comprises 0.5% of Conservest Capital Advisors Inc.’s portfolio, making the stock its 23rd biggest position. Conservest Capital Advisors Inc.’s holdings in Invesco Water Resources ETF were worth $4,927,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Briaud Financial Planning Inc bought a new position in shares of Invesco Water Resources ETF in the second quarter valued at approximately $121,000. FSM Wealth Advisors LLC bought a new position in Invesco Water Resources ETF in the 2nd quarter worth approximately $736,000. D.A. Davidson & CO. raised its position in Invesco Water Resources ETF by 5.3% in the 2nd quarter. D.A. Davidson & CO. now owns 15,871 shares of the company’s stock worth $1,110,000 after purchasing an additional 802 shares during the last quarter. Lyell Wealth Management LP bought a new position in Invesco Water Resources ETF in the 2nd quarter worth approximately $302,000. Finally, Astoria Portfolio Advisors LLC. bought a new position in Invesco Water Resources ETF in the 2nd quarter worth approximately $238,000.

Invesco Water Resources ETF Price Performance

PHO stock opened at $74.44 on Friday. The company has a 50 day moving average price of $72.58 and a 200 day moving average price of $69.80. Invesco Water Resources ETF has a fifty-two week low of $57.11 and a fifty-two week high of $74.93. The stock has a market capitalization of $2.25 billion, a PE ratio of 25.38 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders 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 annualized dividend and a dividend 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.