HighTower Advisors LLC Decreases Stock Holdings in Invesco Water Resources ETF $PHO

HighTower Advisors LLC trimmed its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 88.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,181 shares of the company’s stock after selling 370,783 shares during the quarter. HighTower Advisors LLC owned 0.17% of Invesco Water Resources ETF worth $3,463,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Perigon Wealth Management LLC purchased a new stake in Invesco Water Resources ETF in the fourth quarter worth $27,057,000. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in Invesco Water Resources ETF in the fourth quarter worth $13,963,000. Northwestern Mutual Wealth Management Co. increased its position in Invesco Water Resources ETF by 98.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 99,519 shares of the company’s stock worth $7,007,000 after buying an additional 49,247 shares during the last quarter. Bank of America Corp DE increased its position in Invesco Water Resources ETF by 2.2% in the third quarter. Bank of America Corp DE now owns 1,638,327 shares of the company’s stock worth $118,140,000 after buying an additional 34,972 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in Invesco Water Resources ETF in the third quarter worth $1,965,000.

Invesco Water Resources ETF Price Performance

NASDAQ:PHO opened at $65.90 on Friday. The business has a fifty day simple moving average of $67.39 and a two-hundred day simple moving average of $70.28. Invesco Water Resources ETF has a 1 year low of $63.54 and a 1 year high of $74.93. The company has a market capitalization of $2.00 billion, a P/E ratio of 25.38 and a beta of 1.00.

Invesco Water Resources ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.1046 dividend. This is an increase from Invesco Water Resources ETF’s previous quarterly dividend of $0.08. This represents a $0.42 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd.

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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.