Invesco Water Resources ETF $PHO Stock Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its holdings in Invesco Water Resources ETF (NASDAQ:PHO) by 94.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,734 shares of the company’s stock after selling 294,351 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.06% of Invesco Water Resources ETF worth $1,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Johnson Financial Group Inc. boosted its position in shares of Invesco Water Resources ETF by 10.0% in the first quarter. Johnson Financial Group Inc. now owns 1,957 shares of the company’s stock worth $131,000 after buying an additional 178 shares during the period. Pacific Sun Financial Corp boosted its position in Invesco Water Resources ETF by 2.5% during the first quarter. Pacific Sun Financial Corp now owns 7,973 shares of the company’s stock valued at $533,000 after purchasing an additional 195 shares during the last quarter. Private Advisor Group LLC grew its stake in Invesco Water Resources ETF by 1.0% in the first quarter. Private Advisor Group LLC now owns 28,273 shares of the company’s stock valued at $1,890,000 after purchasing an additional 285 shares in the last quarter. Secure Asset Management LLC raised its stake in shares of Invesco Water Resources ETF by 1.7% during the 3rd quarter. Secure Asset Management LLC now owns 16,828 shares of the company’s stock worth $1,141,000 after purchasing an additional 286 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in Invesco Water Resources ETF by 20.1% in the first quarter. Parallel Advisors LLC now owns 1,751 shares of the company’s stock valued at $117,000 after acquiring an additional 293 shares during the last quarter.

Invesco Water Resources ETF Trading Up 3.4%

Invesco Water Resources ETF stock opened at $76.26 on Tuesday. The company has a market capitalization of $2.12 billion, a P/E ratio of 25.38 and a beta of 0.95. Invesco Water Resources ETF has a 1-year low of $63.54 and a 1-year high of $76.59. The firm’s fifty day simple moving average is $70.01 and its 200-day simple moving average is $69.59.

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.