Raymond James & Associates Cuts Holdings in Invesco Global Water ETF (NASDAQ:PIO)

Raymond James & Associates reduced its position in Invesco Global Water ETF (NASDAQ:PIO) by 6.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,200 shares of the company’s stock after selling 600 shares during the period. Raymond James & Associates’ holdings in Invesco Global Water ETF were worth $324,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PIO. Legacy Financial Group LLC acquired a new stake in Invesco Global Water ETF in the 3rd quarter valued at $26,000. Community Financial Services Group LLC acquired a new stake in Invesco Global Water ETF in the 3rd quarter valued at $753,000. Aptus Capital Advisors LLC acquired a new stake in Invesco Global Water ETF in the 3rd quarter valued at $44,000. Citigroup Inc. increased its holdings in 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 purchasing an additional 3,714 shares in the last quarter. Finally, CI Investments Inc. increased its holdings in Invesco Global Water ETF by 11.4% in the 3rd quarter. CI Investments Inc. now owns 8,782 shares of the company’s stock valued at $297,000 after purchasing an additional 900 shares in the last quarter.

Invesco Global Water ETF Trading Up 0.6 %

Shares of NASDAQ PIO opened at $41.04 on Monday. Invesco Global Water ETF has a 12-month low of $31.30 and a 12-month high of $43.24. The company has a market cap of $283.18 million, a P/E ratio of 27.25 and a beta of 0.93. The stock has a fifty day moving average price of $41.49 and a 200 day moving average price of $38.37.

Invesco Global Water ETF Dividend Announcement

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

About Invesco Global Water ETF

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.