Bedell Frazier Investment Counselling LLC Reduces Stock Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

Bedell Frazier Investment Counselling LLC cut its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 2.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 64,675 shares of the company’s stock after selling 1,346 shares during the quarter. Bedell Frazier Investment Counselling LLC’s holdings in Invesco Water Resources ETF were worth $4,255,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Invesco Water Resources ETF during the third quarter valued at about $54,000. Principal Securities Inc. increased its stake in Invesco Water Resources ETF by 37.2% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the company’s stock valued at $39,000 after purchasing an additional 160 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in shares of Invesco Water Resources ETF by 8.1% in the third quarter. Glenmede Trust Co. NA now owns 21,400 shares of the company’s stock worth $1,510,000 after buying an additional 1,600 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Invesco Water Resources ETF by 44.0% during the third quarter. JPMorgan Chase & Co. now owns 50,234 shares of the company’s stock worth $3,544,000 after buying an additional 15,339 shares during the period. Finally, Wealthfront Advisers LLC lifted its stake in shares of Invesco Water Resources ETF by 10.2% during the fourth quarter. Wealthfront Advisers LLC now owns 5,912 shares of the company’s stock worth $389,000 after buying an additional 549 shares during the period.

Invesco Water Resources ETF Price Performance

NASDAQ PHO opened at $64.29 on Monday. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 25.16 and a beta of 0.96. The stock’s fifty day moving average price is $66.74 and its 200 day moving average price is $68.29. Invesco Water Resources ETF has a 1 year low of $62.82 and a 1 year high of $72.59.

Invesco Water Resources ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.098 dividend. This is a boost from Invesco Water Resources ETF’s previous dividend of $0.09. The ex-dividend date was Monday, March 24th.

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.