D.A. Davidson & CO. Sells 201 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

D.A. Davidson & CO. reduced its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 1.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 15,599 shares of the company’s stock after selling 201 shares during the period. D.A. Davidson & CO.’s holdings in Invesco Water Resources ETF were worth $1,100,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in PHO. Comerica Bank boosted its stake in Invesco Water Resources ETF by 8.9% in the first quarter. Comerica Bank now owns 23,233 shares of the company’s stock valued at $1,547,000 after acquiring an additional 1,904 shares during the last quarter. Cetera Investment Advisers grew its holdings in Invesco Water Resources ETF by 1,167.6% during the first quarter. Cetera Investment Advisers now owns 232,199 shares of the company’s stock valued at $15,457,000 after purchasing an additional 213,881 shares during the period. Cetera Advisors LLC raised its stake in shares of Invesco Water Resources ETF by 274.6% in the first quarter. Cetera Advisors LLC now owns 17,971 shares of the company’s stock valued at $1,196,000 after buying an additional 13,173 shares during the period. Prism Advisors Inc. lifted its position in shares of Invesco Water Resources ETF by 1,504.8% during the 2nd quarter. Prism Advisors Inc. now owns 149,822 shares of the company’s stock valued at $9,725,000 after buying an additional 140,486 shares during the last quarter. Finally, Bond & Devick Financial Network Inc. grew its stake in shares of Invesco Water Resources ETF by 13.1% during the 2nd quarter. Bond & Devick Financial Network Inc. now owns 15,724 shares of the company’s stock worth $1,021,000 after acquiring an additional 1,818 shares during the period.

Invesco Water Resources ETF Stock Performance

Shares of Invesco Water Resources ETF stock opened at $71.76 on Monday. The stock has a market capitalization of $2.34 billion, a P/E ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a 52-week low of $55.85 and a 52-week high of $72.59. The stock’s 50-day simple moving average is $70.17 and its 200 day simple moving average is $68.23.

Invesco Water Resources ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Monday, September 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.