Modera Wealth Management LLC Sells 220 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Modera Wealth Management LLC trimmed its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 4.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,301 shares of the company’s stock after selling 220 shares during the quarter. Modera Wealth Management LLC’s holdings in Invesco Water Resources ETF were worth $303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. TruWealth Advisors LLC raised its position in shares of Invesco Water Resources ETF by 3.5% during the second quarter. TruWealth Advisors LLC now owns 4,362 shares of the company’s stock worth $283,000 after acquiring an additional 148 shares during the last quarter. Dynamic Advisor Solutions LLC grew its stake in Invesco Water Resources ETF by 2.6% during the second quarter. Dynamic Advisor Solutions LLC now owns 7,514 shares of the company’s stock worth $488,000 after purchasing an additional 189 shares during the period. Verity Asset Management Inc. grew its stake in Invesco Water Resources ETF by 0.7% during the first quarter. Verity Asset Management Inc. now owns 31,753 shares of the company’s stock worth $2,114,000 after purchasing an additional 224 shares during the period. Private Wealth Advisors LLC grew its stake in Invesco Water Resources ETF by 1.1% during the second quarter. Private Wealth Advisors LLC now owns 21,044 shares of the company’s stock worth $1,343,000 after purchasing an additional 230 shares during the period. Finally, MCIA Inc grew its stake in Invesco Water Resources ETF by 5.8% during the second quarter. MCIA Inc now owns 4,755 shares of the company’s stock worth $319,000 after purchasing an additional 260 shares during the period.

Invesco Water Resources ETF Price Performance

NASDAQ PHO opened at $68.85 on Wednesday. The business has a 50 day simple moving average of $69.28 and a 200 day simple moving average of $67.42. Invesco Water Resources ETF has a one year low of $49.69 and a one year high of $71.47. The stock has a market capitalization of $2.24 billion, a P/E ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.05 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.20 annualized dividend and a yield of 0.29%.

Invesco Water Resources ETF Company 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.