PNC Financial Services Group Inc. Sells 416 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

PNC Financial Services Group Inc. lessened its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 0.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 292,816 shares of the company’s stock after selling 416 shares during the period. PNC Financial Services Group Inc.’s holdings in Invesco Water Resources ETF were worth $20,655,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PHO. LPL Financial LLC raised its holdings in Invesco Water Resources ETF by 17.9% in the second quarter. LPL Financial LLC now owns 668,590 shares of the company’s stock worth $43,398,000 after purchasing an additional 101,342 shares in the last quarter. 1832 Asset Management L.P. grew its position in Invesco Water Resources ETF by 147.7% during the first quarter. 1832 Asset Management L.P. now owns 524,079 shares of the company’s stock valued at $34,888,000 after buying an additional 312,475 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Invesco Water Resources ETF by 1.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 402,507 shares of the company’s stock valued at $26,127,000 after acquiring an additional 5,493 shares during the period. Raymond James & Associates increased its position in shares of Invesco Water Resources ETF by 159.4% in the third quarter. Raymond James & Associates now owns 302,278 shares of the company’s stock valued at $21,323,000 after buying an additional 185,770 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in Invesco Water Resources ETF by 0.9% in the 2nd quarter. Cetera Investment Advisers now owns 234,289 shares of the company’s stock worth $15,208,000 after acquiring an additional 2,090 shares in the last quarter.

Invesco Water Resources ETF Trading Up 1.3 %

Shares of Invesco Water Resources ETF stock opened at $70.38 on Friday. The firm’s 50-day moving average price is $69.82 and its 200 day moving average price is $68.05. Invesco Water Resources ETF has a twelve month low of $55.61 and a twelve month high of $72.59. The firm has a market capitalization of $2.29 billion, a PE ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

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

Invesco Water Resources ETF 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.