First City Capital Management Inc. Sells 500 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

First City Capital Management Inc. decreased its position in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 4.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,335 shares of the company’s stock after selling 500 shares during the period. First City Capital Management Inc.’s holdings in Invesco Water Resources ETF were worth $800,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Invesco Water Resources ETF during the second quarter valued at approximately $25,000. Larson Financial Group LLC bought a new stake in shares of Invesco Water Resources ETF during the second quarter valued at approximately $34,000. ORG Partners LLC bought a new stake in shares of Invesco Water Resources ETF during the second quarter valued at approximately $38,000. Rothschild Investment LLC bought a new stake in shares of Invesco Water Resources ETF during the second quarter valued at approximately $42,000. Finally, McClarren Financial Advisors Inc. raised its position in shares of Invesco Water Resources ETF by 424.0% during the third quarter. McClarren Financial Advisors Inc. now owns 676 shares of the company’s stock valued at $48,000 after buying an additional 547 shares during the last quarter.

Invesco Water Resources ETF Stock Performance

PHO stock opened at $69.50 on Tuesday. The firm has a fifty day moving average price of $69.72 and a 200 day moving average price of $68.02. Invesco Water Resources ETF has a fifty-two week low of $55.12 and a fifty-two week high of $72.59. The firm has a market cap of $2.26 billion, a PE ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.29%. The ex-dividend date was Monday, September 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.