Chicago Partners Investment Group LLC trimmed its holdings in Invesco Water Resources ETF (NASDAQ:PHO – Free Report) by 63.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,019 shares of the company’s stock after selling 56,681 shares during the quarter. Chicago Partners Investment Group LLC owned about 0.12% of Invesco Water Resources ETF worth $2,306,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the stock. Eastern Bank purchased a new stake in Invesco Water Resources ETF in the 3rd quarter worth approximately $27,000. Next Level Wealth Planning LLC bought a new position in shares of Invesco Water Resources ETF in the 3rd quarter worth about $39,000. NBH Bank bought a new stake in shares of Invesco Water Resources ETF in the 2nd quarter worth approximately $47,000. John Boyer Inc. bought a new position in shares of Invesco Water Resources ETF during the third quarter valued at $63,000. Finally, Axiom Investment Management LLC purchased a new position in Invesco Water Resources ETF in the first quarter worth about $67,000.
Invesco Water Resources ETF Price Performance
PHO stock opened at $75.01 on Friday. The stock has a market capitalization of $2.08 billion, a P/E ratio of 27.98 and a beta of 0.94. The business has a fifty day moving average price of $70.32 and a 200-day moving average price of $69.64. Invesco Water Resources ETF has a 1-year low of $63.54 and a 1-year high of $77.71.
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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