Invesco Water Resources ETF (NASDAQ:PHO) Shares Sold by Commerce Bank

Commerce Bank decreased its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,190 shares of the company’s stock after selling 385 shares during the period. Commerce Bank’s holdings in Invesco Water Resources ETF were worth $6,150,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PHO. Axxcess Wealth Management LLC boosted its position in shares of Invesco Water Resources ETF by 12.3% in the first quarter. Axxcess Wealth Management LLC now owns 12,779 shares of the company’s stock worth $851,000 after acquiring an additional 1,395 shares during the last quarter. 1832 Asset Management L.P. lifted its position in shares of Invesco Water Resources ETF by 147.7% during the first quarter. 1832 Asset Management L.P. now owns 524,079 shares of the company’s stock worth $34,888,000 after purchasing an additional 312,475 shares during the last quarter. LRI Investments LLC acquired a new position in Invesco Water Resources ETF in the first quarter worth $77,000. B. Riley Wealth Advisors Inc. raised its stake in Invesco Water Resources ETF by 93.2% during the first quarter. B. Riley Wealth Advisors Inc. now owns 24,850 shares of the company’s stock worth $1,654,000 after acquiring an additional 11,988 shares during the period. Finally, Comerica Bank lifted its holdings in shares of Invesco Water Resources ETF by 8.9% in the 1st quarter. Comerica Bank now owns 23,233 shares of the company’s stock worth $1,547,000 after purchasing an additional 1,904 shares during the last quarter.

Invesco Water Resources ETF Stock Performance

Shares of PHO opened at $70.38 on Friday. The firm has a fifty day moving average of $69.82 and a 200-day moving average of $68.05. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a 1 year low of $55.61 and a 1 year high of $72.59.

Invesco Water Resources ETF Cuts Dividend

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

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.