Conservest Capital Advisors Inc. Decreases Position in Invesco Water Resources ETF (NASDAQ:PHO)

Conservest Capital Advisors Inc. lessened its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,658 shares of the company’s stock after selling 1,834 shares during the period. Invesco Water Resources ETF makes up about 0.5% of Conservest Capital Advisors Inc.’s portfolio, making the stock its 25th biggest holding. Conservest Capital Advisors Inc.’s holdings in Invesco Water Resources ETF were worth $4,483,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. McGlone Suttner Wealth Management Inc. purchased a new position in Invesco Water Resources ETF in the 4th quarter worth $25,000. Planned Solutions Inc. purchased a new position in Invesco Water Resources ETF in the 4th quarter worth $35,000. Keener Financial Planning LLC purchased a new position in Invesco Water Resources ETF in the 4th quarter worth $37,000. BKM Wealth Management LLC purchased a new position in Invesco Water Resources ETF in the 4th quarter worth $39,000. Finally, Signaturefd LLC raised its stake in Invesco Water Resources ETF by 27.6% in the 3rd quarter. Signaturefd LLC now owns 1,485 shares of the company’s stock worth $79,000 after acquiring an additional 321 shares during the last quarter.

Invesco Water Resources ETF Stock Performance

PHO stock traded up $0.03 during midday trading on Friday, reaching $64.65. The stock had a trading volume of 34,907 shares, compared to its average volume of 71,952. The stock has a market cap of $2.07 billion, a PE ratio of 34.90 and a beta of 0.96. The firm has a fifty day simple moving average of $64.56 and a two-hundred day simple moving average of $59.78. Invesco Water Resources ETF has a 52-week low of $49.65 and a 52-week high of $66.74.

Invesco Water Resources ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were paid a $0.0629 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.25 dividend on an annualized basis and a yield of 0.39%.

Invesco Water Resources ETF 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.