PNC Financial Services Group Inc. Decreases Holdings in Invesco Water Resources ETF $PHO

PNC Financial Services Group Inc. decreased its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 1.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 287,504 shares of the company’s stock after selling 2,761 shares during the period. PNC Financial Services Group Inc.’s holdings in Invesco Water Resources ETF were worth $20,099,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp purchased a new stake in Invesco Water Resources ETF during the 2nd quarter valued at about $442,000. Hantz Financial Services Inc. bought a new position in shares of Invesco Water Resources ETF in the second quarter worth approximately $54,000. Farther Finance Advisors LLC raised its holdings in Invesco Water Resources ETF by 84.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,511 shares of the company’s stock valued at $106,000 after buying an additional 691 shares during the last quarter. LPL Financial LLC boosted its position in Invesco Water Resources ETF by 10.2% during the 1st quarter. LPL Financial LLC now owns 826,990 shares of the company’s stock valued at $53,357,000 after buying an additional 76,821 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Invesco Water Resources ETF by 33.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 43,348 shares of the company’s stock worth $2,797,000 after acquiring an additional 10,839 shares during the last quarter.

Invesco Water Resources ETF Trading Down 0.7%

Shares of NASDAQ:PHO opened at $71.50 on Friday. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 25.38 and a beta of 1.02. Invesco Water Resources ETF has a 12 month low of $57.11 and a 12 month high of $74.93. The company has a 50-day moving average price of $72.31 and a 200-day moving average price of $70.79.

Invesco Water Resources ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.093 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.37 annualized dividend and a dividend yield of 0.5%.

About Invesco Water Resources ETF

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.