Raymond James Financial Services Advisors Inc. Cuts Position in Invesco Global Water ETF (NASDAQ:PIO)

Raymond James Financial Services Advisors Inc. cut its stake in Invesco Global Water ETF (NASDAQ:PIO) by 14.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,147 shares of the company’s stock after selling 2,074 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Invesco Global Water ETF were worth $480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Citigroup Inc. increased its holdings in shares of Invesco Global Water ETF by 25.5% in the 3rd quarter. Citigroup Inc. now owns 18,279 shares of the company’s stock valued at $617,000 after acquiring an additional 3,714 shares during the period. Comerica Bank purchased a new position in Invesco Global Water ETF during the 3rd quarter worth $51,000. Stifel Financial Corp grew its stake in Invesco Global Water ETF by 4.9% during the 3rd quarter. Stifel Financial Corp now owns 38,542 shares of the company’s stock worth $1,302,000 after buying an additional 1,795 shares during the last quarter. CI Investments Inc. grew its stake in Invesco Global Water ETF by 11.4% during the 3rd quarter. CI Investments Inc. now owns 8,782 shares of the company’s stock worth $297,000 after buying an additional 900 shares during the last quarter. Finally, FMR LLC grew its stake in Invesco Global Water ETF by 22.0% during the 3rd quarter. FMR LLC now owns 2,519 shares of the company’s stock worth $85,000 after buying an additional 455 shares during the last quarter.

Invesco Global Water ETF Price Performance

Shares of PIO stock opened at $40.03 on Friday. Invesco Global Water ETF has a 1-year low of $31.30 and a 1-year high of $43.24. The stock’s fifty day moving average price is $41.37 and its 200 day moving average price is $38.04. The company has a market cap of $276.21 million, a price-to-earnings ratio of 27.43 and a beta of 0.96.

Invesco Global Water ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were paid a dividend of $0.0084 per share. The ex-dividend date was Monday, March 18th. This represents a $0.03 annualized dividend and a yield of 0.08%.

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.