McElhenny Sheffield Capital Management LLC Has $310,000 Stock Holdings in Invesco Water Resources ETF (NASDAQ:PHO)

McElhenny Sheffield Capital Management LLC lowered its position in Invesco Water Resources ETF (NASDAQ:PHO) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,390 shares of the company’s stock after selling 230 shares during the quarter. McElhenny Sheffield Capital Management LLC’s holdings in Invesco Water Resources ETF were worth $310,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. LPL Financial LLC raised its position in Invesco Water Resources ETF by 17.9% in the 2nd quarter. LPL Financial LLC now owns 668,590 shares of the company’s stock worth $43,398,000 after purchasing an additional 101,342 shares during the last quarter. 1832 Asset Management L.P. raised 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 period. Commonwealth Equity Services LLC raised its holdings in Invesco Water Resources ETF by 1.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 402,507 shares of the company’s stock worth $26,127,000 after buying an additional 5,493 shares during the period. Raymond James & Associates lifted its position in Invesco Water Resources ETF by 159.4% in the 3rd quarter. Raymond James & Associates now owns 302,278 shares of the company’s stock valued at $21,323,000 after acquiring an additional 185,770 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of Invesco Water Resources ETF by 33.4% in the first quarter. Osaic Holdings Inc. now owns 268,709 shares of the company’s stock valued at $17,889,000 after purchasing an additional 67,228 shares in the last quarter.

Invesco Water Resources ETF Price Performance

Shares of NASDAQ PHO opened at $70.69 on Monday. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a fifty-two week low of $49.65 and a fifty-two week high of $71.47. The business has a 50-day moving average of $69.08 and a 200-day moving average of $67.22.

Invesco Water Resources ETF Cuts Dividend

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

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.