Merit Financial Group LLC Lowers Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

Merit Financial Group LLC lowered its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 49.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,683 shares of the company’s stock after selling 5,548 shares during the period. Merit Financial Group LLC’s holdings in Invesco Water Resources ETF were worth $374,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. First Pacific Financial acquired a new position in shares of Invesco Water Resources ETF in the 4th quarter valued at $166,000. EWG Elevate Inc. purchased a new position in Invesco Water Resources ETF in the fourth quarter valued at $705,000. International Assets Investment Management LLC acquired a new position in shares of Invesco Water Resources ETF in the fourth quarter worth about $623,000. JPMorgan Chase & Co. boosted its stake in shares of Invesco Water Resources ETF by 44.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 50,234 shares of the company’s stock worth $3,544,000 after acquiring an additional 15,339 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Invesco Water Resources ETF during the 3rd quarter valued at about $247,000.

Invesco Water Resources ETF Trading Down 0.9 %

Shares of PHO stock opened at $67.75 on Friday. Invesco Water Resources ETF has a 12-month low of $59.05 and a 12-month high of $72.59. The business’s 50 day moving average is $68.37 and its two-hundred day moving average is $68.71. The company has a market capitalization of $2.19 billion, a P/E ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a $0.0923 dividend. The ex-dividend date was Monday, December 23rd.

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.