Invesco Water Resources ETF (NASDAQ:PHO) Shares Sold by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC trimmed its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 2.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,147 shares of the company’s stock after selling 387 shares during the quarter. Miracle Mile Advisors LLC owned 0.05% of Invesco Water Resources ETF worth $1,141,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its stake in Invesco Water Resources ETF by 257.0% in the third quarter. Tower Research Capital LLC TRC now owns 19,793 shares of the company’s stock valued at $1,053,000 after buying an additional 14,248 shares in the last quarter. Glenmede Trust Co. NA boosted its position in Invesco Water Resources ETF by 11.1% during the third quarter. Glenmede Trust Co. NA now owns 26,936 shares of the company’s stock worth $1,432,000 after purchasing an additional 2,691 shares in the last quarter. Scotia Capital Inc. boosted its position in Invesco Water Resources ETF by 2.7% during the third quarter. Scotia Capital Inc. now owns 49,865 shares of the company’s stock worth $2,652,000 after purchasing an additional 1,302 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Invesco Water Resources ETF by 2.8% in the third quarter. Mercer Global Advisors Inc. ADV now owns 49,674 shares of the company’s stock valued at $2,642,000 after acquiring an additional 1,345 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its position in shares of Invesco Water Resources ETF by 40.1% in the third quarter. Westside Investment Management Inc. now owns 2,117 shares of the company’s stock valued at $113,000 after acquiring an additional 606 shares in the last quarter.

Invesco Water Resources ETF Price Performance

PHO traded down $1.09 on Monday, reaching $63.82. The company’s stock had a trading volume of 134,207 shares, compared to its average volume of 74,262. The business’s 50 day moving average is $66.20 and its 200 day moving average is $63.69. Invesco Water Resources ETF has a 1 year low of $49.65 and a 1 year high of $68.97. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a $0.0926 dividend. This is a boost from Invesco Water Resources ETF’s previous quarterly dividend of $0.06. This represents a $0.37 annualized dividend and a yield of 0.58%. The ex-dividend date was Monday, June 24th.

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.