Invesco Global Water ETF $PIO Shares Sold by Elmwood Wealth Management Inc.

Elmwood Wealth Management Inc. lessened its stake in shares of Invesco Global Water ETF (NASDAQ:PIO) by 36.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 28,518 shares of the company’s stock after selling 16,335 shares during the quarter. Elmwood Wealth Management Inc.’s holdings in Invesco Global Water ETF were worth $1,280,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mather Group LLC. acquired a new position in shares of Invesco Global Water ETF in the 3rd quarter worth approximately $82,000. Comerica Bank raised its position in Invesco Global Water ETF by 29.9% in the first quarter. Comerica Bank now owns 1,955 shares of the company’s stock valued at $78,000 after purchasing an additional 450 shares during the period. Farther Finance Advisors LLC lifted its stake in Invesco Global Water ETF by 7.8% during the third quarter. Farther Finance Advisors LLC now owns 3,620 shares of the company’s stock worth $163,000 after purchasing an additional 261 shares in the last quarter. J.W. Cole Advisors Inc. acquired a new position in Invesco Global Water ETF during the second quarter worth $202,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Invesco Global Water ETF during the third quarter worth $235,000.

Invesco Global Water ETF Trading Up 0.5%

Shares of NASDAQ PIO opened at $48.15 on Thursday. The stock has a market capitalization of $300.94 million, a PE ratio of 24.59 and a beta of 1.03. Invesco Global Water ETF has a twelve month low of $35.57 and a twelve month high of $48.16. The stock has a fifty day simple moving average of $45.57 and a 200-day simple moving average of $45.15.

Invesco Global Water ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.0391 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. This is a boost from Invesco Global Water ETF’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, December 22nd.

Invesco Global Water ETF Profile

PowerShares Global Water Portfolio (the Fund) seeks investment results that generally correspond to the price and yield performance of the NASDAQ OMX Global Water Index (the Index). The Fund will invest at least 90% of its total assets in the equity securities that comprise the Index, American depository receipts (ADR) and Global depository receipts (GDR) that are based on the securities in the Index. The Index consisted of companies listed on exchanges in Australia, Bermuda, Brazil, Canada, Chile, China, Egypt, France, Hong Kong, India, Indonesia, Israel, Luxembourg, Malaysia, Mexico, Poland, Russia, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan and the United States.