Northwestern Mutual Wealth Management Co. Cuts Position in Invesco Global Water ETF (NASDAQ:PIO)

Northwestern Mutual Wealth Management Co. lessened its holdings in Invesco Global Water ETF (NASDAQ:PIO) by 20.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,173 shares of the company’s stock after selling 300 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco Global Water ETF were worth $47,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PIO. Virtu Financial LLC grew its holdings in Invesco Global Water ETF by 98.8% in the fourth quarter. Virtu Financial LLC now owns 12,356 shares of the company’s stock worth $488,000 after purchasing an additional 6,142 shares during the period. Dearborn Partners LLC bought a new position in shares of Invesco Global Water ETF in the first quarter worth approximately $152,000. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of Invesco Global Water ETF by 1.7% in the second quarter. Mercer Global Advisors Inc. ADV now owns 17,852 shares of the company’s stock worth $721,000 after buying an additional 299 shares in the last quarter.

Invesco Global Water ETF Stock Performance

Shares of NASDAQ PIO opened at $41.93 on Friday. The firm’s 50 day moving average price is $41.54 and its 200-day moving average price is $41.53. The company has a market cap of $278.83 million, a PE ratio of 28.91 and a beta of 0.96. Invesco Global Water ETF has a 52-week low of $31.30 and a 52-week high of $43.54.

Invesco Global Water ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.028 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.11 annualized dividend and a dividend yield of 0.27%.

About Invesco Global Water ETF

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.