MinichMacGregor Wealth Management LLC Trims Stake in Invesco Water Resources ETF (NASDAQ:PHO)

MinichMacGregor Wealth Management LLC lessened its position in Invesco Water Resources ETF (NASDAQ:PHO) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,180 shares of the company’s stock after selling 208 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in Invesco Water Resources ETF were worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PHO. Cetera Advisors LLC grew its holdings in Invesco Water Resources ETF by 274.6% in the first quarter. Cetera Advisors LLC now owns 17,971 shares of the company’s stock worth $1,196,000 after purchasing an additional 13,173 shares during the period. Creative Planning grew its stake in shares of Invesco Water Resources ETF by 2.0% in the 2nd quarter. Creative Planning now owns 58,434 shares of the company’s stock worth $3,793,000 after buying an additional 1,120 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Invesco Water Resources ETF during the 2nd quarter valued at approximately $242,000. Comerica Bank raised its stake in Invesco Water Resources ETF by 8.9% during the first quarter. Comerica Bank now owns 23,233 shares of the company’s stock valued at $1,547,000 after buying an additional 1,904 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in Invesco Water Resources ETF by 30.3% in the second quarter. Raymond James & Associates now owns 116,508 shares of the company’s stock worth $7,563,000 after acquiring an additional 27,112 shares in the last quarter.

Invesco Water Resources ETF Stock Up 1.0 %

Shares of NASDAQ:PHO traded up $0.67 on Tuesday, hitting $69.80. 7,156 shares of the company traded hands, compared to its average volume of 70,283. The stock has a 50 day simple moving average of $69.24 and a 200-day simple moving average of $67.58. The company has a market cap of $2.27 billion, a PE ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a 52 week low of $52.40 and a 52 week high of $71.47.

Invesco Water Resources ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid 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.