Janney Montgomery Scott LLC Sells 674 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Janney Montgomery Scott LLC lowered its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 2.4% during the third quarter, Holdings Channel.com reports. The firm owned 27,954 shares of the company’s stock after selling 674 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Invesco Water Resources ETF were worth $1,972,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PHO. Blair William & Co. IL boosted its stake in Invesco Water Resources ETF by 0.8% in the first quarter. Blair William & Co. IL now owns 137,455 shares of the company’s stock valued at $9,150,000 after acquiring an additional 1,099 shares in the last quarter. Tocqueville Asset Management L.P. boosted its position in shares of Invesco Water Resources ETF by 25.7% in the 1st quarter. Tocqueville Asset Management L.P. now owns 60,674 shares of the company’s stock worth $4,039,000 after purchasing an additional 12,419 shares in the last quarter. TIAA Trust National Association grew its stake in Invesco Water Resources ETF by 14.9% during the 1st quarter. TIAA Trust National Association now owns 6,156 shares of the company’s stock worth $410,000 after buying an additional 800 shares during the last quarter. Osaic Holdings Inc. increased its position in Invesco Water Resources ETF by 33.4% during the 1st quarter. Osaic Holdings Inc. now owns 268,709 shares of the company’s stock valued at $17,889,000 after buying an additional 67,228 shares in the last quarter. Finally, ESL Trust Services LLC purchased a new stake in Invesco Water Resources ETF in the first quarter valued at about $27,000.

Invesco Water Resources ETF Stock Performance

Shares of NASDAQ PHO opened at $70.88 on Wednesday. Invesco Water Resources ETF has a fifty-two week low of $52.94 and a fifty-two week high of $72.59. The company has a market cap of $2.31 billion, a PE ratio of 37.18 and a beta of 0.96. The business has a 50-day simple moving average of $69.48 and a two-hundred day simple moving average of $67.87.

Invesco Water Resources ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Monday, September 23rd.

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.