Sequoia Financial Advisors LLC Sells 338 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Sequoia Financial Advisors LLC trimmed its position in Invesco Water Resources ETF (NASDAQ:PHO) by 9.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,190 shares of the company’s stock after selling 338 shares during the period. Sequoia Financial Advisors LLC’s holdings in Invesco Water Resources ETF were worth $206,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PHO. Raymond James Financial Inc. bought a new position in shares of Invesco Water Resources ETF in the 4th quarter valued at $34,604,000. LPL Financial LLC lifted its stake in shares of Invesco Water Resources ETF by 10.2% in the 4th quarter. LPL Financial LLC now owns 750,169 shares of the company’s stock valued at $49,354,000 after acquiring an additional 69,546 shares during the last quarter. SOA Wealth Advisors LLC. lifted its stake in shares of Invesco Water Resources ETF by 6,246.8% in the 1st quarter. SOA Wealth Advisors LLC. now owns 64,674 shares of the company’s stock valued at $4,173,000 after acquiring an additional 63,655 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Invesco Water Resources ETF by 3.6% in the 4th quarter. Bank of America Corp DE now owns 1,686,274 shares of the company’s stock valued at $110,940,000 after acquiring an additional 58,316 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Invesco Water Resources ETF by 6,352.1% in the 1st quarter. GAMMA Investing LLC now owns 26,260 shares of the company’s stock valued at $16,940,000 after acquiring an additional 25,853 shares during the last quarter.

Invesco Water Resources ETF Stock Performance

Shares of PHO opened at $71.46 on Friday. Invesco Water Resources ETF has a 52 week low of $57.11 and a 52 week high of $72.59. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 24.50 and a beta of 0.96. The stock has a fifty day moving average of $68.31 and a 200-day moving average of $66.48.

Invesco Water Resources ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were paid a $0.1063 dividend. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.60%. This is a boost from Invesco Water Resources ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Monday, June 23rd.

About Invesco Water Resources ETF

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.