Cresset Asset Management LLC Has $1.17 Million Position in Invesco Water Resources ETF (NASDAQ:PHO)

Cresset Asset Management LLC reduced its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,752 shares of the company’s stock after selling 3,714 shares during the period. Cresset Asset Management LLC owned 0.06% of Invesco Water Resources ETF worth $1,168,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Captrust Financial Advisors boosted its position in shares of Invesco Water Resources ETF by 3.5% during the 4th quarter. Captrust Financial Advisors now owns 23,274 shares of the company’s stock worth $1,531,000 after purchasing an additional 782 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Invesco Water Resources ETF by 3.6% during the 4th 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 in the last quarter. Blue Rock Wealth Management LLC bought a new position in shares of Invesco Water Resources ETF during the 4th quarter worth about $243,000. Mercer Global Advisors Inc. ADV boosted its position in shares of Invesco Water Resources ETF by 5.8% during the 4th 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 in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in shares of Invesco Water Resources ETF by 6.8% during the 4th quarter. Integrated Wealth Concepts LLC now owns 12,252 shares of the company’s stock worth $806,000 after purchasing an additional 778 shares in the last quarter.

Invesco Water Resources ETF Price Performance

PHO stock opened at $66.70 on Monday. The stock has a market capitalization of $2.10 billion, a PE ratio of 25.23 and a beta of 0.96. The company’s 50-day moving average is $64.01 and its 200-day moving average is $66.84. Invesco Water Resources ETF has a 1 year low of $57.11 and a 1 year high of $72.59.

Invesco Water Resources ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a $0.098 dividend. This is a boost from Invesco Water Resources ETF’s previous dividend of $0.09. The ex-dividend date 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.