Mercer Global Advisors Inc. ADV Has $721,000 Stock Position in Invesco Global Water ETF (NASDAQ:PIO)

Mercer Global Advisors Inc. ADV raised its holdings in shares of Invesco Global Water ETF (NASDAQ:PIO) by 1.7% in the second quarter, Holdings Channel reports. The institutional investor owned 17,852 shares of the company’s stock after buying an additional 299 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Invesco Global Water ETF were worth $721,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of PIO. Holderness Investments Co. acquired a new stake in Invesco Global Water ETF in the 4th quarter worth $755,000. Virtu Financial LLC lifted its stake in shares of Invesco Global Water ETF by 98.8% in the fourth quarter. Virtu Financial LLC now owns 12,356 shares of the company’s stock valued at $488,000 after buying an additional 6,142 shares during the period. Vima LLC acquired a new stake in Invesco Global Water ETF during the fourth quarter worth about $255,000. YHB Investment Advisors Inc. increased its stake in Invesco Global Water ETF by 22.0% during the first quarter. YHB Investment Advisors Inc. now owns 16,659 shares of the company’s stock valued at $718,000 after acquiring an additional 3,000 shares during the period. Finally, Dearborn Partners LLC acquired a new position in Invesco Global Water ETF in the 1st quarter valued at approximately $152,000.

Invesco Global Water ETF Trading Up 1.5 %

Shares of NASDAQ:PIO opened at $43.05 on Friday. The business’s 50 day moving average is $41.32 and its 200-day moving average is $41.50. The firm has a market capitalization of $288.44 million, a PE ratio of 28.91 and a beta of 0.96. Invesco Global Water ETF has a 1-year low of $31.30 and a 1-year high of $43.54.

Invesco Global Water ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.028 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Monday, September 23rd.

Invesco Global Water ETF Profile

PowerShares Global Water Portfolio (the Fund) seeks investment results that generally correspond to the price and yield performance of the NASDAQ OMX Global Water Index (the Index). The Fund will invest at least 90% of its total assets in the equity securities that comprise the Index, American depository receipts (ADR) and Global depository receipts (GDR) that are based on the securities in the Index.