Stratos Wealth Partners LTD. Sells 268 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Stratos Wealth Partners LTD. decreased its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 3.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 6,832 shares of the company’s stock after selling 268 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Invesco Water Resources ETF were worth $441,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Redwood Park Advisors LLC acquired a new stake in Invesco Water Resources ETF during the fourth quarter valued at approximately $25,000. Crowley Wealth Management Inc. acquired a new position in shares of Invesco Water Resources ETF during the fourth quarter worth approximately $26,000. Golden State Wealth Management LLC lifted its position in shares of Invesco Water Resources ETF by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 496 shares of the company’s stock worth $32,000 after purchasing an additional 248 shares in the last quarter. Olde Wealth Management LLC bought a new stake in shares of Invesco Water Resources ETF during the first quarter worth approximately $51,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Invesco Water Resources ETF by 219.1% during the first quarter. Farther Finance Advisors LLC now owns 820 shares of the company’s stock worth $53,000 after buying an additional 563 shares during the last quarter.

Invesco Water Resources ETF Price Performance

PHO opened at $70.63 on Tuesday. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 25.38 and a beta of 0.96. The firm has a 50 day simple moving average of $68.90 and a 200 day simple moving average of $66.65. Invesco Water Resources ETF has a fifty-two week low of $57.11 and a fifty-two week high of $72.59.

Invesco Water Resources ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were paid a $0.1063 dividend. This represents a $0.43 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Monday, June 23rd. This is an increase from Invesco Water Resources ETF’s previous quarterly dividend of $0.05.

Invesco Water Resources ETF Company 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.