Invesco Global Water ETF (NASDAQ:PIO) Stake Lessened by Ifrah Financial Services Inc.

Ifrah Financial Services Inc. reduced its stake in shares of Invesco Global Water ETF (NASDAQ:PIO) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,558 shares of the company’s stock after selling 363 shares during the period. Ifrah Financial Services Inc. owned about 0.09% of Invesco Global Water ETF worth $259,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legacy Financial Group LLC acquired a new position in shares of Invesco Global Water ETF in the 3rd quarter valued at about $26,000. Millburn Ridgefield Corp grew its holdings in shares of Invesco Global Water ETF by 329.7% during the fourth quarter. Millburn Ridgefield Corp now owns 679 shares of the company’s stock valued at $27,000 after purchasing an additional 521 shares during the last quarter. Aptus Capital Advisors LLC acquired a new stake in shares of Invesco Global Water ETF during the 3rd quarter worth approximately $44,000. AdvisorNet Financial Inc raised its position in shares of Invesco Global Water ETF by 33.3% during the 4th quarter. AdvisorNet Financial Inc now owns 1,600 shares of the company’s stock worth $63,000 after purchasing an additional 400 shares during the period. Finally, CI Investments Inc. lifted its holdings in shares of Invesco Global Water ETF by 11.4% in the 3rd quarter. CI Investments Inc. now owns 8,782 shares of the company’s stock worth $297,000 after purchasing an additional 900 shares during the last quarter.

Invesco Global Water ETF Trading Up 1.4 %

PIO traded up $0.59 during trading on Friday, reaching $41.92. 5,648 shares of the company were exchanged, compared to its average volume of 9,149. Invesco Global Water ETF has a 52 week low of $31.30 and a 52 week high of $43.24. The firm has a 50 day moving average of $41.57 and a 200 day moving average of $38.57. The stock has a market cap of $289.25 million, a P/E ratio of 27.25 and a beta of 0.96.

Invesco Global Water ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a $0.0084 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.03 annualized dividend and a yield of 0.08%.

Invesco Global Water ETF Company Profile

PowerShares Global Water Portfolio (the Fund) seeks investment results that generally correspond to the price and yield performance of the NASDAQ OMX Global Water Index (the Index). The Fund will invest at least 90% of its total assets in the equity securities that comprise the Index, American depository receipts (ADR) and Global depository receipts (GDR) that are based on the securities in the Index.