Sovran Advisors LLC Reduces Stock Holdings in Invesco Water Resources ETF $PHO

Sovran Advisors LLC lessened its position in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 87.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,362 shares of the company’s stock after selling 23,511 shares during the period. Sovran Advisors LLC’s holdings in Invesco Water Resources ETF were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. City Holding Co. acquired a new stake in Invesco Water Resources ETF in the 4th quarter valued at about $28,000. Investment Counsel Co. of Nevada acquired a new position in Invesco Water Resources ETF during the fourth quarter worth about $30,000. Strengthening Families & Communities LLC purchased a new stake in shares of Invesco Water Resources ETF in the fourth quarter valued at about $30,000. Geneos Wealth Management Inc. lifted its holdings in shares of Invesco Water Resources ETF by 156.5% in the second quarter. Geneos Wealth Management Inc. now owns 590 shares of the company’s stock valued at $41,000 after purchasing an additional 360 shares in the last quarter. Finally, Motiv8 Investments LLC acquired a new stake in shares of Invesco Water Resources ETF in the fourth quarter valued at approximately $55,000.

Invesco Water Resources ETF Price Performance

Shares of PHO opened at $68.76 on Wednesday. The firm has a 50 day simple moving average of $67.09 and a 200-day simple moving average of $69.41. Invesco Water Resources ETF has a 1-year low of $63.54 and a 1-year high of $74.93. The stock has a market cap of $1.98 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 announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.1228 per share. This represents a $0.49 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date 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.