Raab & Moskowitz Asset Management LLC Cuts Stock Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

Raab & Moskowitz Asset Management LLC lessened its position in Invesco Water Resources ETF (NASDAQ:PHO) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,718 shares of the company’s stock after selling 299 shares during the quarter. Invesco Water Resources ETF comprises 1.1% of Raab & Moskowitz Asset Management LLC’s holdings, making the stock its 25th largest position. Raab & Moskowitz Asset Management LLC owned 0.18% of Invesco Water Resources ETF worth $3,876,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cetera Advisors LLC grew its stake in Invesco Water Resources ETF by 274.6% during the 1st quarter. Cetera Advisors LLC now owns 17,971 shares of the company’s stock valued at $1,196,000 after acquiring an additional 13,173 shares in the last quarter. Stifel Financial Corp grew its position in shares of Invesco Water Resources ETF by 3.3% in the fourth quarter. Stifel Financial Corp now owns 89,261 shares of the company’s stock valued at $5,433,000 after purchasing an additional 2,881 shares in the last quarter. Comerica Bank increased its holdings in shares of Invesco Water Resources ETF by 8.9% in the first quarter. Comerica Bank now owns 23,233 shares of the company’s stock valued at $1,547,000 after purchasing an additional 1,904 shares during the last quarter. Raymond James & Associates lifted its position in Invesco Water Resources ETF by 30.3% during the second quarter. Raymond James & Associates now owns 116,508 shares of the company’s stock worth $7,563,000 after buying an additional 27,112 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Invesco Water Resources ETF by 6.6% during the fourth quarter. Wells Fargo & Company MN now owns 227,949 shares of the company’s stock worth $13,873,000 after buying an additional 14,138 shares during the last quarter.

Invesco Water Resources ETF Price Performance

Shares of PHO stock opened at $70.51 on Friday. The company has a market capitalization of $2.28 billion, a PE ratio of 37.18 and a beta of 0.96. The firm’s 50-day moving average is $68.45 and its two-hundred day moving average is $66.70. Invesco Water Resources ETF has a 12 month low of $49.65 and a 12 month high of $71.09.

Invesco Water Resources ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Monday, September 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.