Avalon Capital Management Sells 448 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Avalon Capital Management cut its position in Invesco Water Resources ETF (NASDAQ:PHO) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,771 shares of the company’s stock after selling 448 shares during the quarter. Invesco Water Resources ETF comprises about 1.3% of Avalon Capital Management’s portfolio, making the stock its 20th biggest holding. Avalon Capital Management owned approximately 0.19% of Invesco Water Resources ETF worth $3,998,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PHO. Prism Advisors Inc. boosted its position in shares of Invesco Water Resources ETF by 9.6% during the 4th quarter. Prism Advisors Inc. now owns 206,352 shares of the company’s stock worth $13,576,000 after acquiring an additional 18,054 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Invesco Water Resources ETF during the fourth quarter valued at approximately $7,366,000. Stifel Financial Corp lifted its stake in Invesco Water Resources ETF by 5.5% during the third quarter. Stifel Financial Corp now owns 106,627 shares of the company’s stock worth $7,522,000 after purchasing an additional 5,570 shares during the last quarter. Bedell Frazier Investment Counselling LLC boosted its holdings in shares of Invesco Water Resources ETF by 0.7% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 66,021 shares of the company’s stock valued at $4,657,000 after purchasing an additional 470 shares in the last quarter. Finally, Raab & Moskowitz Asset Management LLC increased its stake in shares of Invesco Water Resources ETF by 0.6% in the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 60,246 shares of the company’s stock valued at $3,964,000 after purchasing an additional 348 shares during the last quarter.

Invesco Water Resources ETF Stock Down 0.1 %

Shares of PHO stock opened at $66.24 on Tuesday. The business has a fifty day simple moving average of $67.00 and a 200 day simple moving average of $68.71. The company has a market cap of $2.14 billion, a P/E ratio of 26.66 and a beta of 0.96. Invesco Water Resources ETF has a twelve month low of $62.82 and a twelve month high of $72.59.

Invesco Water Resources ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were issued a dividend of $0.0923 per share. The ex-dividend date of this dividend was Monday, December 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.