Westside Investment Management Inc. Sells 608 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Westside Investment Management Inc. reduced its stake in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 28.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,514 shares of the company’s stock after selling 608 shares during the period. Westside Investment Management Inc.’s holdings in Invesco Water Resources ETF were worth $100,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. bought a new stake in Invesco Water Resources ETF during the 3rd quarter worth approximately $36,000. McClarren Financial Advisors Inc. raised its position in shares of Invesco Water Resources ETF by 424.0% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 676 shares of the company’s stock valued at $48,000 after purchasing an additional 547 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Invesco Water Resources ETF during the 3rd quarter valued at $54,000. Kennebec Savings Bank bought a new position in Invesco Water Resources ETF in the 3rd quarter worth $60,000. Finally, Bristlecone Advisors LLC purchased a new stake in Invesco Water Resources ETF in the 3rd quarter worth $73,000.

Invesco Water Resources ETF Stock Down 0.5 %

NASDAQ:PHO opened at $68.39 on Thursday. The business’s 50-day simple moving average is $68.42 and its two-hundred day simple moving average is $68.69. Invesco Water Resources ETF has a 52 week low of $58.80 and a 52 week high of $72.59. The stock has a market cap of $2.21 billion, a PE ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a dividend of $0.0923 per share. The ex-dividend date was Monday, December 23rd.

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.