First National Bank & Trust Co. of Newtown Sells 17,263 Shares of Invesco Water Resources ETF $PHO

First National Bank & Trust Co. of Newtown decreased its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 15.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 94,896 shares of the company’s stock after selling 17,263 shares during the period. Invesco Water Resources ETF accounts for approximately 1.4% of First National Bank & Trust Co. of Newtown’s portfolio, making the stock its 14th biggest position. First National Bank & Trust Co. of Newtown’s holdings in Invesco Water Resources ETF were worth $6,345,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Kestra Advisory Services LLC increased its stake in Invesco Water Resources ETF by 12.7% in the 1st quarter. Kestra Advisory Services LLC now owns 84,836 shares of the company’s stock valued at $5,672,000 after buying an additional 9,566 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Invesco Water Resources ETF by 126.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 13,250 shares of the company’s stock valued at $898,000 after acquiring an additional 7,400 shares in the last quarter. Ascentis Independent Advisors increased its position in shares of Invesco Water Resources ETF by 19.9% in the first quarter. Ascentis Independent Advisors now owns 10,379 shares of the company’s stock valued at $694,000 after acquiring an additional 1,726 shares during the last quarter. Bravias Capital Group LLC increased its position in shares of Invesco Water Resources ETF by 9.6% in the first quarter. Bravias Capital Group LLC now owns 25,242 shares of the company’s stock valued at $1,688,000 after acquiring an additional 2,221 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC raised its holdings in Invesco Water Resources ETF by 7.2% during the first quarter. Walkner Condon Financial Advisors LLC now owns 4,645 shares of the company’s stock worth $311,000 after acquiring an additional 312 shares in the last quarter.

Invesco Water Resources ETF Stock Up 0.6%

PHO stock opened at $68.53 on Friday. The business has a 50 day moving average price of $67.05 and a two-hundred day moving average price of $69.47. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 25.38 and a beta of 0.96. Invesco Water Resources ETF has a twelve month low of $63.54 and a twelve month high of $74.93.

Invesco Water Resources ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.1228 per share. This represents a $0.49 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd.

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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.