Farther Finance Advisors LLC Boosts Stock Holdings in Invesco Global Water ETF $PIO

Farther Finance Advisors LLC boosted its position in shares of Invesco Global Water ETF (NASDAQ:PIO) by 37,222.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,359 shares of the company’s stock after acquiring an additional 3,350 shares during the period. Farther Finance Advisors LLC’s holdings in Invesco Global Water ETF were worth $150,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in Invesco Global Water ETF by 6.2% in the first quarter. LPL Financial LLC now owns 89,449 shares of the company’s stock valued at $3,590,000 after buying an additional 5,255 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco Global Water ETF by 27.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,809 shares of the company’s stock worth $73,000 after buying an additional 385 shares during the period. GAMMA Investing LLC raised its stake in shares of Invesco Global Water ETF by 3,913.0% during the 1st quarter. GAMMA Investing LLC now owns 19,784 shares of the company’s stock worth $7,940,000 after buying an additional 19,291 shares during the period. Journey Strategic Wealth LLC raised its stake in shares of Invesco Global Water ETF by 10.0% during the 1st quarter. Journey Strategic Wealth LLC now owns 6,859 shares of the company’s stock worth $275,000 after buying an additional 623 shares during the period. Finally, SVB Wealth LLC acquired a new position in shares of Invesco Global Water ETF during the 1st quarter worth approximately $54,000.

Invesco Global Water ETF Price Performance

Shares of PIO stock opened at $45.11 on Friday. The company has a market cap of $277.43 million, a price-to-earnings ratio of 24.59 and a beta of 0.96. The stock has a 50 day simple moving average of $44.77 and a 200-day simple moving average of $43.07. Invesco Global Water ETF has a 1-year low of $35.57 and a 1-year high of $45.82.

Invesco Global Water ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.0135 per share. This represents a $0.05 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, September 22nd.

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.