Invesco Water Resources ETF (NASDAQ:PHO) Shares Sold by Silverlake Wealth Management LLC

Silverlake Wealth Management LLC lowered its position in Invesco Water Resources ETF (NASDAQ:PHO) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,117 shares of the company’s stock after selling 184 shares during the period. Invesco Water Resources ETF comprises approximately 0.8% of Silverlake Wealth Management LLC’s investment portfolio, making the stock its 28th biggest position. Silverlake Wealth Management LLC owned approximately 0.10% of Invesco Water Resources ETF worth $2,047,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PHO. Sunbelt Securities Inc. purchased a new stake in shares of Invesco Water Resources ETF in the 3rd quarter valued at approximately $36,000. McClarren Financial Advisors Inc. lifted its holdings in Invesco Water Resources ETF by 424.0% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 676 shares of the company’s stock worth $48,000 after buying an additional 547 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Invesco Water Resources ETF during the 3rd quarter worth approximately $54,000. Kennebec Savings Bank acquired a new stake in shares of Invesco Water Resources ETF in the 3rd quarter valued at $60,000. Finally, Bristlecone Advisors LLC acquired a new stake in shares of Invesco Water Resources ETF in the 3rd quarter valued at $73,000.

Invesco Water Resources ETF Price Performance

NASDAQ PHO opened at $67.51 on Wednesday. The firm’s fifty day moving average price is $68.04 and its 200 day moving average price is $68.79. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a 12 month low of $59.30 and a 12 month high of $72.59.

Invesco Water Resources ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.0923 per share. The ex-dividend date was Monday, December 23rd.

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.