Ledyard National Bank Trims Position in Invesco Water Resources ETF (NASDAQ:PHO)

Ledyard National Bank lowered its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,458 shares of the company’s stock after selling 379 shares during the quarter. Ledyard National Bank’s holdings in Invesco Water Resources ETF were worth $1,090,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Key Client Fiduciary Advisors LLC acquired a new position in shares of Invesco Water Resources ETF in the 1st quarter valued at about $200,000. O ROURKE & COMPANY Inc grew its stake in shares of Invesco Water Resources ETF by 5.8% during the 1st quarter. O ROURKE & COMPANY Inc now owns 28,423 shares of the company’s stock worth $1,892,000 after purchasing an additional 1,555 shares during the period. Woodmont Investment Counsel LLC acquired a new stake in shares of Invesco Water Resources ETF during the 1st quarter worth approximately $27,000. Kovack Advisors Inc. acquired a new position in shares of Invesco Water Resources ETF in the 1st quarter valued at $218,000. Finally, American Institute for Advanced Investment Management LLP boosted its holdings in Invesco Water Resources ETF by 2.3% during the first quarter. American Institute for Advanced Investment Management LLP now owns 16,665 shares of the company’s stock worth $1,109,000 after buying an additional 370 shares in the last quarter.

Invesco Water Resources ETF Stock Performance

PHO opened at $70.10 on Tuesday. The company has a fifty day moving average of $69.15 and a two-hundred day moving average of $67.25. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a fifty-two week low of $49.65 and a fifty-two week high of $71.47.

Invesco Water Resources ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.29%.

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.