LPL Financial LLC trimmed its stake in Invesco Global Water ETF (NASDAQ:PIO – Free Report) by 19.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,301 shares of the company’s stock after selling 18,990 shares during the quarter. LPL Financial LLC owned approximately 0.97% of Invesco Global Water ETF worth $2,704,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. grew its position in Invesco Global Water ETF by 45.1% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,129 shares of the company’s stock valued at $37,000 after acquiring an additional 351 shares during the period. WealthShield Partners LLC purchased a new stake in Invesco Global Water ETF during the first quarter valued at about $113,000. Blair William & Co. IL grew its position in Invesco Global Water ETF by 14.8% during the fourth quarter. Blair William & Co. IL now owns 4,058 shares of the company’s stock valued at $133,000 after acquiring an additional 523 shares during the period. Belpointe Asset Management LLC acquired a new position in shares of Invesco Global Water ETF during the fourth quarter worth about $201,000. Finally, Penobscot Investment Management Company Inc. acquired a new position in shares of Invesco Global Water ETF during the first quarter worth about $212,000.
Invesco Global Water ETF Price Performance
Shares of PIO opened at $35.43 on Wednesday. The stock’s 50-day moving average is $35.86 and its two-hundred day moving average is $35.29. The stock has a market cap of $265.73 million, a PE ratio of 21.83 and a beta of 0.96. Invesco Global Water ETF has a 12 month low of $27.82 and a 12 month high of $37.49.
Invesco Global Water ETF Announces Dividend
Invesco Global Water ETF Company 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.
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