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

Kirtland Hills Capital Management LLC acquired a new position in Invesco Water Resources ETF (NASDAQ:PHO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,476 shares of the company’s stock, valued at approximately $245,000.

Other large investors also recently bought and sold shares of the company. Cetera Advisors LLC boosted its holdings in shares of Invesco Water Resources ETF by 274.6% in the 1st quarter. Cetera Advisors LLC now owns 17,971 shares of the company’s stock valued at $1,196,000 after acquiring an additional 13,173 shares during the last quarter. Creative Planning lifted its stake in shares of Invesco Water Resources ETF by 2.0% in the 2nd quarter. Creative Planning now owns 58,434 shares of the company’s stock valued at $3,793,000 after purchasing an additional 1,120 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Invesco Water Resources ETF in the 2nd quarter valued at $242,000. Comerica Bank lifted its stake in shares of Invesco Water Resources ETF by 8.9% in the 1st quarter. Comerica Bank now owns 23,233 shares of the company’s stock valued at $1,547,000 after purchasing an additional 1,904 shares during the period. Finally, Raymond James & Associates lifted its stake in shares of Invesco Water Resources ETF by 30.3% in the 2nd quarter. Raymond James & Associates now owns 116,508 shares of the company’s stock valued at $7,563,000 after purchasing an additional 27,112 shares during the period.

Invesco Water Resources ETF Price Performance

PHO opened at $69.29 on Wednesday. The firm has a fifty day moving average price of $69.77 and a 200 day moving average price of $68.04. Invesco Water Resources ETF has a 1 year low of $55.12 and a 1 year high of $72.59. The stock has a market cap of $2.26 billion, a P/E ratio of 37.18 and a beta of 0.96.

Invesco Water Resources ETF Cuts Dividend

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

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.