PNC Financial Services Group Inc. Trims Stock Position in Invesco Water Resources ETF (NASDAQ:PHO)

PNC Financial Services Group Inc. trimmed its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 272,268 shares of the company’s stock after selling 893 shares during the period. PNC Financial Services Group Inc. owned 0.85% of Invesco Water Resources ETF worth $16,570,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS Group AG grew its position in Invesco Water Resources ETF by 1.3% during the third quarter. UBS Group AG now owns 846,971 shares of the company’s stock valued at $45,042,000 after acquiring an additional 10,965 shares during the period. LPL Financial LLC grew its holdings in shares of Invesco Water Resources ETF by 0.7% during the 3rd quarter. LPL Financial LLC now owns 632,891 shares of the company’s stock worth $33,657,000 after purchasing an additional 4,499 shares during the period. International Assets Investment Management LLC acquired a new stake in Invesco Water Resources ETF during the 4th quarter worth approximately $35,017,000. Commonwealth Equity Services LLC increased its position in Invesco Water Resources ETF by 4.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 410,993 shares of the company’s stock worth $25,013,000 after purchasing an additional 18,491 shares in the last quarter. Finally, Blair William & Co. IL raised its holdings in Invesco Water Resources ETF by 3.1% in the third quarter. Blair William & Co. IL now owns 136,499 shares of the company’s stock valued at $7,259,000 after buying an additional 4,068 shares during the period.

Invesco Water Resources ETF Price Performance

Shares of PHO opened at $68.50 on Wednesday. Invesco Water Resources ETF has a 12 month low of $49.65 and a 12 month high of $68.97. The stock’s 50-day moving average is $65.68 and its two-hundred day moving average is $61.68. The stock has a market cap of $2.20 billion, a PE ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a $0.0629 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 0.37%.

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.