Freedom Investment Management Inc. Sells 329 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Freedom Investment Management Inc. decreased its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 2.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,604 shares of the company’s stock after selling 329 shares during the quarter. Freedom Investment Management Inc.’s holdings in Invesco Water Resources ETF were worth $960,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in PHO. Cetera Advisors LLC boosted its stake in shares of Invesco Water Resources ETF by 274.6% during the 1st quarter. Cetera Advisors LLC now owns 17,971 shares of the company’s stock worth $1,196,000 after acquiring an additional 13,173 shares during the last quarter. Creative Planning raised its holdings in Invesco Water Resources ETF by 2.0% in the 2nd quarter. Creative Planning now owns 58,434 shares of the company’s stock worth $3,793,000 after purchasing an additional 1,120 shares during the period. Sanctuary Advisors LLC bought a new stake in Invesco Water Resources ETF during the second quarter valued at about $242,000. Comerica Bank grew its stake in shares of Invesco Water Resources ETF by 8.9% during the 1st quarter. Comerica Bank now owns 23,233 shares of the company’s stock valued at $1,547,000 after acquiring an additional 1,904 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Invesco Water Resources ETF by 30.3% in the second quarter. Raymond James & Associates now owns 116,508 shares of the company’s stock worth $7,563,000 after purchasing an additional 27,112 shares in the last quarter.

Invesco Water Resources ETF Stock Up 0.2 %

NASDAQ:PHO opened at $71.54 on Friday. The business’s 50-day simple moving average is $70.09 and its two-hundred day simple moving average is $68.18. The stock has a market cap of $2.33 billion, a PE ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a 52 week low of $55.62 and a 52 week high of $72.59.

Invesco Water Resources ETF Cuts Dividend

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

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.