Invesco Water Resources ETF (NASDAQ:PHO) Shares Sold by First National Bank & Trust Co. of Newtown

First National Bank & Trust Co. of Newtown trimmed its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 115,994 shares of the company’s stock after selling 2,664 shares during the period. Invesco Water Resources ETF comprises about 1.6% of First National Bank & Trust Co. of Newtown’s investment portfolio, making the stock its 10th largest position. First National Bank & Trust Co. of Newtown’s holdings in Invesco Water Resources ETF were worth $7,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in PHO. US Bancorp DE increased its stake in Invesco Water Resources ETF by 14.4% during the 4th quarter. US Bancorp DE now owns 10,834 shares of the company’s stock worth $713,000 after acquiring an additional 1,364 shares during the period. Raymond James Financial Inc. purchased a new stake in Invesco Water Resources ETF during the fourth quarter valued at about $34,604,000. Independent Advisor Alliance bought a new position in shares of Invesco Water Resources ETF during the fourth quarter valued at about $639,000. Wealthfront Advisers LLC grew its stake in shares of Invesco Water Resources ETF by 10.2% in the fourth quarter. Wealthfront Advisers LLC now owns 5,912 shares of the company’s stock worth $389,000 after purchasing an additional 549 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in Invesco Water Resources ETF by 1.5% during the 4th quarter. HighTower Advisors LLC now owns 411,275 shares of the company’s stock valued at $27,058,000 after acquiring an additional 5,881 shares in the last quarter.

Invesco Water Resources ETF Trading Up 0.3%

Shares of PHO opened at $71.14 on Wednesday. The firm has a market cap of $2.22 billion, a PE ratio of 24.50 and a beta of 0.96. The firm has a fifty day simple moving average of $68.56 and a two-hundred day simple moving average of $66.55. Invesco Water Resources ETF has a 1-year low of $57.11 and a 1-year high of $72.59.

Invesco Water Resources ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Monday, June 23rd were issued a dividend of $0.1063 per share. This represents a $0.43 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Monday, June 23rd. This is an increase from Invesco Water Resources ETF’s previous quarterly dividend of $0.05.

Invesco Water Resources ETF Company 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.