StrategIQ Financial Group LLC Has $434,000 Position in Invesco Water Resources ETF (NASDAQ:PHO)

StrategIQ Financial Group LLC cut its position in shares of Invesco Water Resources ETF (NASDAQ:PHOFree Report) by 6.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,131 shares of the company’s stock after selling 482 shares during the quarter. StrategIQ Financial Group LLC’s holdings in Invesco Water Resources ETF were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Invesco Water Resources ETF in the 4th quarter worth approximately $25,000. Ronald Blue Trust Inc. acquired a new position in shares of Invesco Water Resources ETF in the third quarter valued at $28,000. Planned Solutions Inc. bought a new position in Invesco Water Resources ETF in the fourth quarter worth $35,000. Farther Finance Advisors LLC acquired a new stake in Invesco Water Resources ETF during the second quarter worth $34,000. Finally, BKM Wealth Management LLC bought a new stake in Invesco Water Resources ETF in the 4th quarter valued at $39,000.

Invesco Water Resources ETF Stock Performance

Shares of NASDAQ:PHO traded up $0.36 during midday trading on Wednesday, reaching $65.68. 8,939 shares of the company’s stock were exchanged, compared to its average volume of 73,057. The company’s 50 day simple moving average is $63.26 and its two-hundred day simple moving average is $58.40. Invesco Water Resources ETF has a 12 month low of $49.65 and a 12 month high of $66.74. The firm has a market capitalization of $2.11 billion, a PE ratio of 22.98 and a beta of 0.96.

Invesco Water Resources ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were given a $0.0629 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.25 dividend on an annualized basis and a 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.

See Also

Want to see what other hedge funds are holding PHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Water Resources ETF (NASDAQ:PHOFree Report).

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

Receive News & Ratings for Invesco Water Resources ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Water Resources ETF and related companies with MarketBeat.com's FREE daily email newsletter.