Invesco Water Resources ETF (NASDAQ:PHO) Shares Sold by Gerber LLC

Gerber LLC trimmed its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,835 shares of the company’s stock after selling 192 shares during the quarter. Gerber LLC’s holdings in Invesco Water Resources ETF were worth $515,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. purchased a new stake in Invesco Water Resources ETF during the fourth quarter valued at about $33,000. Sunbelt Securities Inc. purchased a new stake in Invesco Water Resources ETF during the third quarter valued at about $36,000. Kestra Investment Management LLC purchased a new stake in Invesco Water Resources ETF during the fourth quarter valued at about $37,000. Principal Securities Inc. grew its position in Invesco Water Resources ETF by 37.2% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the company’s stock valued at $39,000 after acquiring an additional 160 shares during the period. Finally, Bank of Jackson Hole Trust purchased a new stake in Invesco Water Resources ETF during the fourth quarter valued at about $45,000.

Invesco Water Resources ETF Trading Down 1.2 %

PHO stock opened at $64.41 on Thursday. Invesco Water Resources ETF has a 12-month low of $62.82 and a 12-month high of $72.59. The stock has a 50-day moving average price of $66.99 and a two-hundred day moving average price of $68.58. The company has a market cap of $2.09 billion, a PE ratio of 25.82 and a beta of 1.00.

Invesco Water Resources ETF Announces Dividend

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