Elmwood Wealth Management Inc. Trims Holdings in Invesco Global Water ETF $PIO

Elmwood Wealth Management Inc. lowered its stake in shares of Invesco Global Water ETF (NASDAQ:PIO) by 36.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,518 shares of the company’s stock after selling 16,335 shares during the period. Elmwood Wealth Management Inc. owned 0.46% of Invesco Global Water ETF worth $1,280,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. purchased a new stake in shares of Invesco Global Water ETF in the third quarter valued at about $235,000. Mather Group LLC. purchased a new position in Invesco Global Water ETF during the third quarter worth about $82,000. Sandbox Financial Partners LLC acquired a new position in Invesco Global Water ETF in the 3rd quarter valued at about $241,000. Farther Finance Advisors LLC grew its stake in shares of Invesco Global Water ETF by 7.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,620 shares of the company’s stock valued at $163,000 after buying an additional 261 shares during the period. Finally, 1832 Asset Management L.P. grew its stake in shares of Invesco Global Water ETF by 1.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 373,637 shares of the company’s stock valued at $16,690,000 after buying an additional 4,145 shares during the period.

Invesco Global Water ETF Stock Performance

PIO stock opened at $48.15 on Thursday. Invesco Global Water ETF has a one year low of $35.57 and a one year high of $48.16. The firm has a market cap of $300.94 million, a PE ratio of 24.59 and a beta of 1.03. The firm’s 50 day moving average price is $45.57 and its 200-day moving average price is $45.15.

Invesco Global Water ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.0391 dividend. This is an increase from Invesco Global Water ETF’s previous quarterly dividend of $0.01. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Monday, December 22nd.

Invesco Global Water ETF Profile

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. The Index consisted of companies listed on exchanges in Australia, Bermuda, Brazil, Canada, Chile, China, Egypt, France, Hong Kong, India, Indonesia, Israel, Luxembourg, Malaysia, Mexico, Poland, Russia, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan and the United States.