Verus Capital Partners LLC Decreases Stake in Invesco Water Resources ETF (NASDAQ:PHO)

Verus Capital Partners LLC reduced its position in Invesco Water Resources ETF (NASDAQ:PHO) by 9.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,319 shares of the company’s stock after selling 351 shares during the period. Verus Capital Partners LLC’s holdings in Invesco Water Resources ETF were worth $234,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in Invesco Water Resources ETF during the second quarter valued at approximately $25,000. ESL Trust Services LLC purchased a new stake in Invesco Water Resources ETF during the first quarter valued at approximately $27,000. Larson Financial Group LLC purchased a new stake in Invesco Water Resources ETF during the second quarter valued at approximately $34,000. ORG Partners LLC purchased a new stake in Invesco Water Resources ETF during the second quarter valued at approximately $38,000. Finally, Rothschild Investment LLC purchased a new stake in Invesco Water Resources ETF during the second quarter valued at approximately $42,000.

Invesco Water Resources ETF Price Performance

Shares of PHO stock opened at $70.87 on Thursday. Invesco Water Resources ETF has a 1 year low of $54.04 and a 1 year high of $72.59. The stock’s 50 day simple moving average is $69.55 and its two-hundred day simple moving average is $67.89. The company has a market cap of $2.31 billion, a PE ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.05 per share. The ex-dividend date was Monday, September 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.28%.

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.