Commerce Bank Reduces Position in Invesco Water Resources ETF (NASDAQ:PHO)

Commerce Bank lowered its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 28.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,115 shares of the company’s stock after selling 25,075 shares during the period. Commerce Bank owned about 0.19% of Invesco Water Resources ETF worth $4,087,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mariner LLC grew its stake in Invesco Water Resources ETF by 2.6% in the fourth quarter. Mariner LLC now owns 29,213 shares of the company’s stock worth $1,922,000 after purchasing an additional 733 shares in the last quarter. Stamos Capital Partners L.P. grew its position in shares of Invesco Water Resources ETF by 5.3% in the 4th quarter. Stamos Capital Partners L.P. now owns 3,780 shares of the company’s stock worth $249,000 after acquiring an additional 190 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Invesco Water Resources ETF by 5.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 19,907 shares of the company’s stock valued at $1,310,000 after acquiring an additional 973 shares during the last quarter. Redwood Park Advisors LLC acquired a new stake in shares of Invesco Water Resources ETF during the 4th quarter valued at approximately $25,000. Finally, Mountain Capital Investment Advisors Inc. lifted its stake in Invesco Water Resources ETF by 7.9% during the fourth quarter. Mountain Capital Investment Advisors Inc. now owns 6,580 shares of the company’s stock worth $446,000 after purchasing an additional 480 shares during the last quarter.

Invesco Water Resources ETF Stock Performance

Shares of NASDAQ:PHO opened at $62.24 on Monday. The company’s fifty day moving average is $64.66 and its two-hundred day moving average is $67.39. Invesco Water Resources ETF has a 1-year low of $57.11 and a 1-year high of $72.59. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 24.07 and a beta of 0.96.

Invesco Water Resources ETF Increases Dividend

The business 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 was Monday, March 24th.

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.