Invesco Water Resources ETF $PHO Shares Sold by Linscomb Wealth Inc.

Linscomb Wealth Inc. lessened its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 9.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,887 shares of the company’s stock after selling 6,000 shares during the quarter. Linscomb Wealth Inc. owned about 0.18% of Invesco Water Resources ETF worth $3,907,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Assetmark Inc. acquired a new stake in shares of Invesco Water Resources ETF during the 1st quarter valued at about $25,000. Costello Asset Management INC acquired a new stake in Invesco Water Resources ETF in the 1st quarter worth about $26,000. Garde Capital Inc. acquired a new stake in Invesco Water Resources ETF in the 2nd quarter worth about $32,000. Golden State Wealth Management LLC boosted its holdings in shares of Invesco Water Resources ETF by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 496 shares of the company’s stock worth $32,000 after purchasing an additional 248 shares during the last quarter. Finally, Keener Financial Planning LLC purchased a new position in shares of Invesco Water Resources ETF during the 2nd quarter worth $41,000.

Invesco Water Resources ETF Stock Down 1.3%

NASDAQ PHO opened at $71.39 on Friday. Invesco Water Resources ETF has a 52 week low of $57.11 and a 52 week high of $74.93. The firm has a market cap of $2.15 billion, a PE ratio of 25.38 and a beta of 1.02. The business’s fifty day simple moving average is $72.58 and its 200-day simple moving average is $70.10.

Invesco Water Resources ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a $0.093 dividend. The ex-dividend date was Monday, September 22nd. This represents a $0.37 dividend on an annualized basis and a yield of 0.5%.

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.