Invesco Water Resources ETF (NASDAQ:PHO) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 25.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,583 shares of the company’s stock after selling 12,651 shares during the period. JPMorgan Chase & Co. owned approximately 0.12% of Invesco Water Resources ETF worth $2,473,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Securities Inc. increased its stake in shares of Invesco Water Resources ETF by 37.2% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the company’s stock worth $39,000 after purchasing an additional 160 shares in the last quarter. Independent Advisor Alliance acquired a new position in shares of Invesco Water Resources ETF in the fourth quarter worth $639,000. Wealthfront Advisers LLC lifted its position in shares of Invesco Water Resources ETF by 10.2% in the fourth quarter. Wealthfront Advisers LLC now owns 5,912 shares of the company’s stock valued at $389,000 after acquiring an additional 549 shares in the last quarter. Sanctuary Advisors LLC increased its position in Invesco Water Resources ETF by 22.2% during the 4th quarter. Sanctuary Advisors LLC now owns 4,580 shares of the company’s stock worth $314,000 after purchasing an additional 832 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Invesco Water Resources ETF by 2.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 28,678 shares of the company’s stock worth $1,887,000 after purchasing an additional 724 shares in the last quarter.

Invesco Water Resources ETF Stock Performance

Shares of PHO opened at $63.12 on Thursday. Invesco Water Resources ETF has a fifty-two week low of $57.11 and a fifty-two week high of $72.59. The company has a market capitalization of $2.00 billion, a PE ratio of 24.07 and a beta of 0.96. The stock has a fifty day moving average of $64.35 and a two-hundred day moving average of $67.27.

Invesco Water Resources ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.098 dividend. This is a positive change from Invesco Water Resources ETF’s previous dividend of $0.09. The ex-dividend date was Monday, March 24th.

Invesco Water Resources ETF Profile

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.