Howard Capital Management Group LLC Has $714,000 Stake in Invesco Water Resources ETF (NASDAQ:PHO)

Howard Capital Management Group LLC trimmed its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 6.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,129 shares of the company’s stock after selling 685 shares during the period. Howard Capital Management Group LLC’s holdings in Invesco Water Resources ETF were worth $714,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PHO. 1832 Asset Management L.P. increased its position in Invesco Water Resources ETF by 147.7% during the first quarter. 1832 Asset Management L.P. now owns 524,079 shares of the company’s stock worth $34,888,000 after buying an additional 312,475 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Invesco Water Resources ETF by 1,167.6% in the first quarter. Cetera Investment Advisers now owns 232,199 shares of the company’s stock valued at $15,457,000 after purchasing an additional 213,881 shares during the last quarter. Prism Advisors Inc. grew its position in shares of Invesco Water Resources ETF by 1,504.8% in the second quarter. Prism Advisors Inc. now owns 149,822 shares of the company’s stock valued at $9,725,000 after purchasing an additional 140,486 shares during the last quarter. LPL Financial LLC grew its position in shares of Invesco Water Resources ETF by 17.9% in the second quarter. LPL Financial LLC now owns 668,590 shares of the company’s stock valued at $43,398,000 after purchasing an additional 101,342 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of Invesco Water Resources ETF by 33.4% in the first quarter. Osaic Holdings Inc. now owns 268,709 shares of the company’s stock valued at $17,889,000 after purchasing an additional 67,228 shares during the last quarter.

Invesco Water Resources ETF Stock Performance

Shares of NASDAQ:PHO opened at $70.74 on Friday. The company has a market cap of $2.31 billion, a P/E ratio of 37.18 and a beta of 0.96. The stock’s 50-day moving average is $68.93 and its 200-day moving average is $67.13. Invesco Water Resources ETF has a 52-week low of $49.65 and a 52-week high of $71.47.

Invesco Water Resources ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend 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.