Welch & Forbes LLC Lowers Stock Position in Invesco Water Resources ETF (NASDAQ:PHO)

Welch & Forbes LLC trimmed its position in Invesco Water Resources ETF (NASDAQ:PHO) by 6.2% in the fourth quarter, HoldingsChannel reports. The firm owned 12,200 shares of the company’s stock after selling 800 shares during the quarter. Welch & Forbes LLC’s holdings in Invesco Water Resources ETF were worth $742,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PHO. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Invesco Water Resources ETF during the fourth quarter valued at approximately $25,000. Planned Solutions Inc. purchased a new stake in shares of Invesco Water Resources ETF during the 4th quarter valued at $35,000. Keener Financial Planning LLC purchased a new position in shares of Invesco Water Resources ETF in the 4th quarter worth about $37,000. BKM Wealth Management LLC bought a new stake in Invesco Water Resources ETF in the fourth quarter worth about $39,000. Finally, Avalon Trust Co purchased a new stake in shares of Invesco Water Resources ETF during the 4th quarter worth approximately $55,000.

Invesco Water Resources ETF Stock Up 0.2 %

Invesco Water Resources ETF stock traded up $0.12 during trading on Wednesday, hitting $67.28. The stock had a trading volume of 43,377 shares, compared to its average volume of 73,963. The stock’s 50 day moving average is $64.90 and its two-hundred day moving average is $60.47. Invesco Water Resources ETF has a 1 year low of $49.65 and a 1 year high of $67.31. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 34.90 and a beta of 0.96.

Invesco Water Resources 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 issued a $0.0629 dividend. This represents a $0.25 annualized dividend and a yield of 0.37%. The ex-dividend date was Monday, March 18th.

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.