Kestra Advisory Services LLC Decreases Stock Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

Kestra Advisory Services LLC lowered its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO – Get Rating) by 64.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,951 shares of the company’s stock after selling 57,334 shares during the period. Kestra Advisory Services LLC owned about 0.09% of Invesco Water Resources ETF worth $1,416,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. EdgeRock Capital LLC purchased a new stake in Invesco Water Resources ETF during the third quarter worth about $25,000. McClarren Financial Advisors Inc. purchased a new stake in shares of Invesco Water Resources ETF in the third quarter valued at about $49,000. Chilton Capital Management LLC purchased a new stake in shares of Invesco Water Resources ETF in the second quarter valued at about $54,000. Credit Suisse AG purchased a new stake in shares of Invesco Water Resources ETF in the second quarter valued at about $55,000. Finally, Urban Wealth Management LLC purchased a new stake in shares of Invesco Water Resources ETF in the second quarter valued at about $78,000.

Invesco Water Resources ETF Stock Up 0.5 %

Shares of NASDAQ PHO opened at $53.20 on Tuesday. Invesco Water Resources ETF has a 12-month low of $43.22 and a 12-month high of $54.75. The firm’s 50-day moving average is $52.52 and its two-hundred day moving average is $50.58.

Invesco Water Resources ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Stockholders of record on Tuesday, December 20th were given a $0.133 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Monday, December 19th. This is a positive change from Invesco Water Resources ETF’s previous quarterly dividend of $0.04.

About Invesco Water Resources ETF

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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.