Avantax Advisory Services Inc. Sells 175 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Avantax Advisory Services Inc. trimmed its position in Invesco Water Resources ETF (NASDAQ:PHO) by 3.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,374 shares of the company’s stock after selling 175 shares during the period. Avantax Advisory Services Inc.’s holdings in Invesco Water Resources ETF were worth $282,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PHO. Redwood Park Advisors LLC bought a new stake in shares of Invesco Water Resources ETF in the fourth quarter valued at about $25,000. Golden State Wealth Management LLC lifted its holdings in shares of Invesco Water Resources ETF by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 496 shares of the company’s stock valued at $32,000 after purchasing an additional 248 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Invesco Water Resources ETF in the first quarter valued at about $46,000. Olde Wealth Management LLC bought a new stake in shares of Invesco Water Resources ETF in the first quarter valued at about $51,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Invesco Water Resources ETF by 219.1% in the first quarter. Farther Finance Advisors LLC now owns 820 shares of the company’s stock valued at $53,000 after purchasing an additional 563 shares in the last quarter.

Invesco Water Resources ETF Stock Performance

NASDAQ:PHO opened at $71.49 on Friday. The stock’s 50-day simple moving average is $70.13 and its 200 day simple moving average is $67.26. The company has a market cap of $2.22 billion, a P/E ratio of 25.38 and a beta of 0.96. Invesco Water Resources ETF has a 52-week low of $57.11 and a 52-week high of $72.59.

Invesco Water Resources ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were given a $0.1063 dividend. This is an increase from Invesco Water Resources ETF’s previous quarterly dividend of $0.05. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, June 23rd.

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.