Invesco Water Resources ETF $PHO Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 5.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 221,756 shares of the company’s stock after selling 12,270 shares during the quarter. Cetera Investment Advisers’ holdings in Invesco Water Resources ETF were worth $14,827,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Pacific Sun Financial Corp lifted its stake in shares of Invesco Water Resources ETF by 2.5% in the first quarter. Pacific Sun Financial Corp now owns 7,973 shares of the company’s stock worth $533,000 after buying an additional 195 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Invesco Water Resources ETF by 1.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 295,258 shares of the company’s stock valued at $19,741,000 after acquiring an additional 4,675 shares in the last quarter. Johnson Financial Group Inc. grew its stake in Invesco Water Resources ETF by 10.0% during the 1st quarter. Johnson Financial Group Inc. now owns 1,957 shares of the company’s stock valued at $131,000 after acquiring an additional 178 shares in the last quarter. Parallel Advisors LLC raised its holdings in Invesco Water Resources ETF by 20.1% in the 1st quarter. Parallel Advisors LLC now owns 1,751 shares of the company’s stock valued at $117,000 after acquiring an additional 293 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new stake in Invesco Water Resources ETF in the 1st quarter valued at about $360,000.

Invesco Water Resources ETF Price Performance

PHO opened at $71.49 on Wednesday. The company’s 50 day simple moving average is $67.58 and its two-hundred day simple moving average is $69.23. Invesco Water Resources ETF has a 1-year low of $63.54 and a 1-year high of $74.93. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 25.38 and a beta of 0.96.

Invesco Water Resources ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.1228 dividend. This represents a $0.49 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd.

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