Freedom Investment Management Inc. Sells 329 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Freedom Investment Management Inc. trimmed its position in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 13,604 shares of the company’s stock after selling 329 shares during the quarter. Freedom Investment Management Inc.’s holdings in Invesco Water Resources ETF were worth $960,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. TruWealth Advisors LLC increased its position in shares of Invesco Water Resources ETF by 3.5% during the second quarter. TruWealth Advisors LLC now owns 4,362 shares of the company’s stock valued at $283,000 after acquiring an additional 148 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of Invesco Water Resources ETF by 2.6% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 7,514 shares of the company’s stock worth $488,000 after purchasing an additional 189 shares in the last quarter. O ROURKE & COMPANY Inc raised its stake in shares of Invesco Water Resources ETF by 0.8% in the third quarter. O ROURKE & COMPANY Inc now owns 29,111 shares of the company’s stock worth $2,053,000 after purchasing an additional 227 shares during the last quarter. Private Wealth Advisors LLC lifted its holdings in shares of Invesco Water Resources ETF by 1.1% during the second quarter. Private Wealth Advisors LLC now owns 21,044 shares of the company’s stock valued at $1,343,000 after purchasing an additional 230 shares in the last quarter. Finally, KKM Financial LLC boosted its position in shares of Invesco Water Resources ETF by 5.4% during the third quarter. KKM Financial LLC now owns 4,782 shares of the company’s stock valued at $337,000 after buying an additional 245 shares during the last quarter.

Invesco Water Resources ETF Stock Performance

Shares of NASDAQ:PHO opened at $71.54 on Friday. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 37.18 and a beta of 0.96. The business has a 50-day simple moving average of $70.09 and a two-hundred day simple moving average of $68.18. Invesco Water Resources ETF has a fifty-two week low of $55.62 and a fifty-two week high of $72.59.

Invesco Water Resources ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.05 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.20 dividend on an annualized basis and a 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.