Cresset Asset Management LLC Sells 3,714 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

Cresset Asset Management LLC cut its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,752 shares of the company’s stock after selling 3,714 shares during the period. Cresset Asset Management LLC’s holdings in Invesco Water Resources ETF were worth $1,168,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Captrust Financial Advisors lifted its stake in Invesco Water Resources ETF by 3.5% in the fourth quarter. Captrust Financial Advisors now owns 23,274 shares of the company’s stock worth $1,531,000 after purchasing an additional 782 shares during the last quarter. Bank of America Corp DE lifted its stake in Invesco Water Resources ETF by 3.6% in the fourth quarter. Bank of America Corp DE now owns 1,686,274 shares of the company’s stock worth $110,940,000 after purchasing an additional 58,316 shares during the last quarter. Blue Rock Wealth Management LLC bought a new stake in Invesco Water Resources ETF in the fourth quarter worth $243,000. Mercer Global Advisors Inc. ADV lifted its stake in Invesco Water Resources ETF by 5.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 51,449 shares of the company’s stock worth $3,385,000 after purchasing an additional 2,822 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in Invesco Water Resources ETF by 6.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 12,252 shares of the company’s stock worth $806,000 after purchasing an additional 778 shares during the last quarter.

Invesco Water Resources ETF Stock Down 0.1%

Invesco Water Resources ETF stock opened at $66.70 on Monday. The company has a market capitalization of $2.10 billion, a PE ratio of 25.23 and a beta of 0.96. The firm has a fifty day simple moving average of $64.01 and a two-hundred day simple moving average of $66.84. Invesco Water Resources ETF has a twelve month low of $57.11 and a twelve month high of $72.59.

Invesco Water Resources ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a dividend of $0.098 per share. This is an increase from Invesco Water Resources ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Monday, March 24th.

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.