Kirtland Hills Capital Management LLC Takes $245,000 Position in Invesco Water Resources ETF (NASDAQ:PHO)

Kirtland Hills Capital Management LLC bought a new stake in Invesco Water Resources ETF (NASDAQ:PHO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,476 shares of the company’s stock, valued at approximately $245,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. 1832 Asset Management L.P. increased its stake in Invesco Water Resources ETF by 147.7% in the 1st quarter. 1832 Asset Management L.P. now owns 524,079 shares of the company’s stock worth $34,888,000 after buying an additional 312,475 shares during the period. Cetera Investment Advisers raised its holdings in shares of Invesco Water Resources ETF by 1,167.6% in the 1st quarter. Cetera Investment Advisers now owns 232,199 shares of the company’s stock valued at $15,457,000 after purchasing an additional 213,881 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Invesco Water Resources ETF by 159.4% in the 3rd quarter. Raymond James & Associates now owns 302,278 shares of the company’s stock valued at $21,323,000 after purchasing an additional 185,770 shares in the last quarter. Prism Advisors Inc. raised its holdings in shares of Invesco Water Resources ETF by 1,504.8% in the 2nd quarter. Prism Advisors Inc. now owns 149,822 shares of the company’s stock valued at $9,725,000 after purchasing an additional 140,486 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Invesco Water Resources ETF by 17.9% in the 2nd quarter. LPL Financial LLC now owns 668,590 shares of the company’s stock valued at $43,398,000 after purchasing an additional 101,342 shares in the last quarter.

Invesco Water Resources ETF Stock Performance

NASDAQ:PHO opened at $69.29 on Wednesday. Invesco Water Resources ETF has a one year low of $55.12 and a one year high of $72.59. The firm has a market cap of $2.26 billion, a P/E ratio of 37.18 and a beta of 0.96. The firm has a 50-day simple moving average of $69.77 and a 200-day simple moving average of $68.04.

Invesco Water Resources ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.20 annualized dividend and a dividend yield of 0.29%.

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.