565,530 Invesco Water Resources ETF $PHO Shares Sold by NTV Asset Management LLC

NTV Asset Management LLC decreased its stake in Invesco Water Resources ETF (NASDAQ:PHO) by 98.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,000 shares of the company’s stock after selling 565,530 shares during the quarter. NTV Asset Management LLC’s holdings in Invesco Water Resources ETF were worth $746,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Eastern Bank purchased a new position in shares of Invesco Water Resources ETF during the 3rd quarter valued at $27,000. NBH Bank purchased a new stake in Invesco Water Resources ETF in the 2nd quarter worth $47,000. Axiom Investment Management LLC purchased a new stake in Invesco Water Resources ETF in the 1st quarter worth $67,000. Trust Co. of Vermont purchased a new stake in Invesco Water Resources ETF in the 2nd quarter worth $83,000. Finally, Ballast Advisors LLC bought a new stake in Invesco Water Resources ETF during the first quarter valued at about $106,000.

Invesco Water Resources ETF Price Performance

NASDAQ:PHO opened at $72.01 on Monday. The business’s 50-day simple moving average is $69.76 and its two-hundred day simple moving average is $68.89. Invesco Water Resources ETF has a 52 week low of $63.54 and a 52 week high of $74.93. The stock has a market cap of $2.00 billion, a PE ratio of 25.38 and a beta of 0.95.

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