Invesco Water Resources ETF $PHO Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its position in Invesco Water Resources ETF (NASDAQ:PHO) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,405 shares of the company’s stock after selling 760 shares during the quarter. Janney Montgomery Scott LLC owned about 0.09% of Invesco Water Resources ETF worth $1,916,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crowley Wealth Management Inc. lifted its holdings in Invesco Water Resources ETF by 11.5% in the second quarter. Crowley Wealth Management Inc. now owns 1,450 shares of the company’s stock valued at $101,000 after acquiring an additional 150 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Invesco Water Resources ETF by 2.2% in the 2nd quarter. TD Private Client Wealth LLC now owns 8,424 shares of the company’s stock valued at $589,000 after purchasing an additional 185 shares during the last quarter. Bond & Devick Financial Network Inc. lifted its stake in shares of Invesco Water Resources ETF by 5.1% in the 2nd quarter. Bond & Devick Financial Network Inc. now owns 19,429 shares of the company’s stock valued at $1,358,000 after purchasing an additional 950 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Invesco Water Resources ETF by 84.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,511 shares of the company’s stock valued at $106,000 after purchasing an additional 691 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Invesco Water Resources ETF by 11.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 28,579 shares of the company’s stock worth $2,043,000 after purchasing an additional 2,932 shares during the period.

Invesco Water Resources ETF Stock Performance

NASDAQ:PHO opened at $71.76 on Friday. The stock has a market capitalization of $2.23 billion, a P/E ratio of 25.38 and a beta of 0.96. The company has a 50 day moving average price of $72.23 and a 200 day moving average price of $68.99. Invesco Water Resources ETF has a fifty-two week low of $57.11 and a fifty-two week high of $74.33.

Invesco Water Resources ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.093 per share. The ex-dividend date was Monday, September 22nd. This represents a $0.37 dividend on an annualized basis and a yield of 0.5%.

About Invesco Water Resources ETF

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.