Avalon Capital Management Reduces Stock Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

Avalon Capital Management lessened its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 0.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 59,162 shares of the company’s stock after selling 252 shares during the period. Invesco Water Resources ETF makes up approximately 1.6% of Avalon Capital Management’s holdings, making the stock its 19th largest holding. Avalon Capital Management owned approximately 0.19% of Invesco Water Resources ETF worth $3,938,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in shares of Invesco Water Resources ETF during the fourth quarter worth approximately $35,017,000. Commonwealth Equity Services LLC lifted its holdings in shares of Invesco Water Resources ETF by 4.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 410,993 shares of the company’s stock worth $25,013,000 after buying an additional 18,491 shares during the period. Wells Fargo & Company MN grew its position in shares of Invesco Water Resources ETF by 6.6% during the 4th quarter. Wells Fargo & Company MN now owns 227,949 shares of the company’s stock worth $13,873,000 after buying an additional 14,138 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Invesco Water Resources ETF by 3.3% during the fourth quarter. Stifel Financial Corp now owns 89,261 shares of the company’s stock valued at $5,433,000 after buying an additional 2,881 shares during the period. Finally, Bedell Frazier Investment Counselling LLC raised its holdings in shares of Invesco Water Resources ETF by 0.5% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 68,309 shares of the company’s stock valued at $4,157,000 after acquiring an additional 360 shares in the last quarter.

Invesco Water Resources ETF Stock Performance

Invesco Water Resources ETF stock traded down $0.18 during midday trading on Friday, hitting $64.91. 83,214 shares of the company’s stock were exchanged, compared to its average volume of 73,778. The firm has a 50-day moving average of $66.20 and a two-hundred day moving average of $63.66. Invesco Water Resources ETF has a 12 month low of $49.65 and a 12 month high of $68.97. The company has a market cap of $2.08 billion, a PE ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a $0.0926 dividend. This is an increase from Invesco Water Resources ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.37 dividend on an annualized basis and a yield of 0.57%.

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.