US Financial Advisors LLC Trims Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

US Financial Advisors LLC lowered its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 15.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,010 shares of the company’s stock after selling 739 shares during the quarter. US Financial Advisors LLC’s holdings in Invesco Water Resources ETF were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in PHO. TruWealth Advisors LLC grew its holdings in Invesco Water Resources ETF by 3.5% during the 2nd quarter. TruWealth Advisors LLC now owns 4,362 shares of the company’s stock worth $283,000 after acquiring an additional 148 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in Invesco Water Resources ETF by 2.6% during the second quarter. Dynamic Advisor Solutions LLC now owns 7,514 shares of the company’s stock valued at $488,000 after buying an additional 189 shares in the last quarter. Verity Asset Management Inc. lifted its holdings in Invesco Water Resources ETF by 0.7% during the 1st quarter. Verity Asset Management Inc. now owns 31,753 shares of the company’s stock worth $2,114,000 after buying an additional 224 shares during the last quarter. O ROURKE & COMPANY Inc grew its position in shares of Invesco Water Resources ETF by 0.8% in the 3rd quarter. O ROURKE & COMPANY Inc now owns 29,111 shares of the company’s stock worth $2,053,000 after acquiring an additional 227 shares in the last quarter. Finally, Private Wealth Advisors LLC increased its holdings in shares of Invesco Water Resources ETF by 1.1% in the 2nd quarter. Private Wealth Advisors LLC now owns 21,044 shares of the company’s stock valued at $1,343,000 after acquiring an additional 230 shares during the last quarter.

Invesco Water Resources ETF Trading Up 2.4 %

PHO stock opened at $72.10 on Thursday. The stock’s 50 day simple moving average is $69.32 and its 200 day simple moving average is $67.66. Invesco Water Resources ETF has a 12-month low of $52.40 and a 12-month high of $72.59. The firm has a market cap of $2.35 billion, a P/E ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Monday, September 23rd.

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.