Invesco Water Resources ETF (NASDAQ:PHO) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC trimmed its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 0.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 27,230 shares of the company’s stock after selling 199 shares during the period. SeaCrest Wealth Management LLC’s holdings in Invesco Water Resources ETF were worth $1,598,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in shares of Invesco Water Resources ETF by 3.1% during the 1st quarter. Bank of America Corp DE now owns 1,760,507 shares of the company’s stock worth $93,923,000 after buying an additional 53,323 shares during the last quarter. Morgan Stanley increased its stake in Invesco Water Resources ETF by 3.6% during the third quarter. Morgan Stanley now owns 1,217,417 shares of the company’s stock worth $64,742,000 after acquiring an additional 41,738 shares during the last quarter. UBS Group AG raised its holdings in shares of Invesco Water Resources ETF by 1.3% in the 3rd quarter. UBS Group AG now owns 846,971 shares of the company’s stock worth $45,042,000 after purchasing an additional 10,965 shares during the period. 1832 Asset Management L.P. lifted its stake in shares of Invesco Water Resources ETF by 351,469.0% in the 1st quarter. 1832 Asset Management L.P. now owns 703,138 shares of the company’s stock valued at $36,768,000 after purchasing an additional 702,938 shares in the last quarter. Finally, LPL Financial LLC increased its position in Invesco Water Resources ETF by 0.7% during the 3rd quarter. LPL Financial LLC now owns 632,891 shares of the company’s stock worth $33,657,000 after purchasing an additional 4,499 shares in the last quarter.

Invesco Water Resources ETF Price Performance

PHO stock traded up $0.17 during midday trading on Thursday, reaching $66.57. 40,229 shares of the company’s stock traded hands, compared to its average volume of 74,391. Invesco Water Resources ETF has a fifty-two week low of $49.65 and a fifty-two week high of $66.70. The business has a 50-day moving average price of $62.89 and a two-hundred day moving average price of $58.12. The company has a market capitalization of $2.13 billion, a P/E ratio of 22.98 and a beta of 0.96.

Invesco Water Resources ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were issued a dividend of $0.0629 per share. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 0.38%.

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.