Linscomb Wealth Inc. Has $919,000 Stock Holdings in Invesco Global Water ETF (NASDAQ:PIO)

Linscomb Wealth Inc. lowered its position in shares of Invesco Global Water ETF (NASDAQ:PIO) by 2.3% in the third quarter, Holdings Channel reports. The institutional investor owned 21,331 shares of the company’s stock after selling 498 shares during the period. Linscomb Wealth Inc.’s holdings in Invesco Global Water ETF were worth $919,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Elmwood Wealth Management Inc. lifted its stake in shares of Invesco Global Water ETF by 13.1% in the third quarter. Elmwood Wealth Management Inc. now owns 45,953 shares of the company’s stock worth $1,980,000 after acquiring an additional 5,318 shares during the period. Mather Group LLC. acquired a new position in shares of Invesco Global Water ETF in the third quarter worth approximately $79,000. US Bancorp DE lifted its stake in shares of Invesco Global Water ETF by 73.0% in the third quarter. US Bancorp DE now owns 1,989 shares of the company’s stock worth $86,000 after acquiring an additional 839 shares during the period. Bristlecone Advisors LLC acquired a new position in shares of Invesco Global Water ETF in the third quarter worth approximately $28,000. Finally, Vima LLC lifted its stake in shares of Invesco Global Water ETF by 5.4% in the third quarter. Vima LLC now owns 7,068 shares of the company’s stock worth $304,000 after acquiring an additional 365 shares during the period.

Invesco Global Water ETF Stock Performance

Shares of PIO opened at $40.65 on Friday. Invesco Global Water ETF has a 52-week low of $35.01 and a 52-week high of $43.54. The business’s 50 day moving average price is $41.68 and its two-hundred day moving average price is $41.50. The firm has a market cap of $270.32 million, a PE ratio of 28.91 and a beta of 0.96.

Invesco Global Water ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.028 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date was Monday, September 23rd.

About Invesco Global Water ETF

PowerShares Global Water Portfolio (the Fund) seeks investment results that generally correspond to the price and yield performance of the NASDAQ OMX Global Water Index (the Index). The Fund will invest at least 90% of its total assets in the equity securities that comprise the Index, American depository receipts (ADR) and Global depository receipts (GDR) that are based on the securities in the Index.