Concentric Wealth Management LLC Reduces Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

Concentric Wealth Management LLC decreased its position in Invesco Water Resources ETF (NASDAQ:PHOFree Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,575 shares of the company’s stock after selling 1,039 shares during the period. Concentric Wealth Management LLC’s holdings in Invesco Water Resources ETF were worth $704,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Invesco Water Resources ETF in the 4th quarter valued at approximately $25,000. Principal Securities Inc. purchased a new position in shares of Invesco Water Resources ETF during the 4th quarter worth approximately $25,000. Planned Solutions Inc. purchased a new position in shares of Invesco Water Resources ETF during the 4th quarter worth approximately $35,000. Keener Financial Planning LLC purchased a new position in shares of Invesco Water Resources ETF during the 4th quarter worth approximately $37,000. Finally, BKM Wealth Management LLC purchased a new position in shares of Invesco Water Resources ETF during the 4th quarter worth approximately $39,000.

Invesco Water Resources ETF Price Performance

Shares of NASDAQ:PHO traded up $1.10 during mid-day trading on Wednesday, reaching $66.55. 44,998 shares of the company were exchanged, compared to its average volume of 74,207. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a 1 year low of $49.65 and a 1 year high of $68.97. The firm’s 50-day simple moving average is $65.86 and its 200 day simple moving average is $62.91.

Invesco Water Resources ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were issued a $0.0629 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.38%.

About Invesco Water Resources ETF

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco Water Resources ETF (NASDAQ:PHO)

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