Modera Wealth Management LLC cut its stake in Invesco Water Resources ETF (NASDAQ:PHO – Free Report) by 96.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,697 shares of the company’s stock after selling 95,974 shares during the period. Modera Wealth Management LLC’s holdings in Invesco Water Resources ETF were worth $251,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Eastern Bank acquired a new stake in Invesco Water Resources ETF in the 3rd quarter valued at $27,000. NBH Bank acquired a new position in Invesco Water Resources ETF during the second quarter worth $47,000. John Boyer Inc. bought a new position in shares of Invesco Water Resources ETF during the third quarter valued at $63,000. Axiom Investment Management LLC bought a new position in shares of Invesco Water Resources ETF during the first quarter valued at $67,000. Finally, Trust Co. of Vermont bought a new position in shares of Invesco Water Resources ETF during the second quarter valued at $83,000.
Invesco Water Resources ETF Stock Performance
Shares of NASDAQ:PHO opened at $76.15 on Wednesday. The company’s fifty day moving average is $70.08 and its 200-day moving average is $69.60. Invesco Water Resources ETF has a 52 week low of $63.54 and a 52 week high of $76.78. The company has a market capitalization of $2.12 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.
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