Raymond James Financial Services Advisors Inc. reduced its stake in shares of Powershares Water Resource Portfolio (NASDAQ:PHO) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,053 shares of the company’s stock after selling 2,392 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.18% of Powershares Water Resource Portfolio worth $1,485,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Renaissance Investment Group LLC bought a new position in Powershares Water Resource Portfolio during the 4th quarter valued at about $215,000. Pennsylvania Trust Co bought a new position in shares of Powershares Water Resource Portfolio in the 4th quarter worth approximately $201,000. Vicus Capital lifted its stake in shares of Powershares Water Resource Portfolio by 6.0% in the 4th quarter. Vicus Capital now owns 40,618 shares of the company’s stock worth $1,230,000 after purchasing an additional 2,316 shares during the period. TIAA FSB bought a new position in shares of Powershares Water Resource Portfolio in the 4th quarter worth approximately $307,000. Finally, MD Financial Management Inc. bought a new position in shares of Powershares Water Resource Portfolio in the 4th quarter worth approximately $26,235,000.
Powershares Water Resource Portfolio (NASDAQ PHO) traded down $0.13 during trading on Wednesday, reaching $31.04. 47,265 shares of the company traded hands, compared to its average volume of 56,225. Powershares Water Resource Portfolio has a one year low of $25.33 and a one year high of $31.82. The stock has a market cap of $868.08, a price-to-earnings ratio of -12.93 and a beta of 1.17.
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About Powershares Water Resource Portfolio
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.
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