Invesco Water Resources ETF $PHO Stock: Oppenheimer & Co. Inc. Reduces Stake

Oppenheimer & Co. Inc. decreased its position in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 94.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,734 shares of the company’s stock after selling 294,351 shares during the period. Oppenheimer & Co. Inc.’s holdings in Invesco Water Resources ETF were worth $1,135,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in shares of Invesco Water Resources ETF by 13.3% during the first quarter. Royal Bank of Canada now owns 335,431 shares of the company’s stock worth $22,428,000 after buying an additional 39,491 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Invesco Water Resources ETF by 1.6% in the first quarter. PNC Financial Services Group Inc. now owns 295,258 shares of the company’s stock valued at $19,741,000 after buying an additional 4,675 shares during the period. Hamilton Wealth LLC grew its position in Invesco Water Resources ETF by 110.0% during the first quarter. Hamilton Wealth LLC now owns 247,036 shares of the company’s stock worth $16,517,000 after buying an additional 129,405 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in Invesco Water Resources ETF by 12.7% in the 1st quarter. Kestra Advisory Services LLC now owns 84,836 shares of the company’s stock valued at $5,672,000 after acquiring an additional 9,566 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in Invesco Water Resources ETF by 62.7% in the 1st quarter. D.A. Davidson & CO. now owns 70,106 shares of the company’s stock valued at $4,687,000 after acquiring an additional 27,010 shares in the last quarter.

Invesco Water Resources ETF Price Performance

PHO opened at $76.26 on Tuesday. Invesco Water Resources ETF has a fifty-two week low of $63.54 and a fifty-two week high of $76.59. The company has a market capitalization of $2.12 billion, a P/E ratio of 25.38 and a beta of 0.95. The firm’s fifty day moving average price is $70.01 and its two-hundred day moving average price is $69.59.

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