Verity Asset Management Inc. Sells 4,497 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Verity Asset Management Inc. lowered its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,440 shares of the company’s stock after selling 4,497 shares during the period. Invesco Water Resources ETF accounts for 1.0% of Verity Asset Management Inc.’s holdings, making the stock its 24th largest holding. Verity Asset Management Inc. owned approximately 0.08% of Invesco Water Resources ETF worth $1,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. IHT Wealth Management LLC lifted its position in shares of Invesco Water Resources ETF by 1.9% in the 3rd quarter. IHT Wealth Management LLC now owns 8,251 shares of the company’s stock worth $582,000 after purchasing an additional 151 shares during the period. Raab & Moskowitz Asset Management LLC grew its holdings in Invesco Water Resources ETF by 0.3% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 59,898 shares of the company’s stock worth $4,225,000 after acquiring an additional 180 shares during the period. MML Investors Services LLC lifted its stake in shares of Invesco Water Resources ETF by 1.3% in the 3rd quarter. MML Investors Services LLC now owns 14,625 shares of the company’s stock valued at $1,032,000 after purchasing an additional 181 shares during the period. Captrust Financial Advisors boosted its position in shares of Invesco Water Resources ETF by 0.8% during the 3rd quarter. Captrust Financial Advisors now owns 22,492 shares of the company’s stock valued at $1,587,000 after purchasing an additional 189 shares in the last quarter. Finally, O ROURKE & COMPANY Inc grew its stake in Invesco Water Resources ETF by 0.8% during the third quarter. O ROURKE & COMPANY Inc now owns 29,111 shares of the company’s stock worth $2,053,000 after purchasing an additional 227 shares during the period.

Invesco Water Resources ETF Stock Performance

Shares of PHO stock opened at $67.82 on Tuesday. The company has a market cap of $2.19 billion, a P/E ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a fifty-two week low of $59.30 and a fifty-two week high of $72.59. The stock has a 50 day simple moving average of $68.12 and a two-hundred day simple moving average of $68.79.

Invesco Water Resources ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.0923 per share. 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.