Freedom Investment Management Inc. has decreased its stake in the Invesco Water Resources ETF (NASDAQ: PHO) by 1.9% during the second quarter of 2023, as reported in its latest Form 13F filing with the Securities and Exchange Commission. Following this reduction, the fund now holds 13,112 shares after selling 249 shares in the period, with its holdings valued at approximately $917,000 at the close of the quarter.
Several other institutional investors have also adjusted their positions in the Invesco Water Resources ETF. Notably, Golden State Wealth Management LLC increased its holdings by 100.0% in the first quarter, acquiring an additional 248 shares to own a total of 496 shares, valued at $32,000. TFC Financial Management Inc. entered the market with a new position worth $114,000 during the same period.
In addition, Sovran Advisors LLC raised its stake by 23.2%, now owning 17,653 shares worth $1,099,000 after purchasing an additional 3,329 shares. Verity Asset Management Inc. also increased its holdings by 0.6%, owning 27,618 shares valued at $1,782,000 after acquiring 178 shares. Finally, Ameritas Advisory Services LLC boosted its stake by 23.9%, now holding 4,768 shares worth $310,000 following the purchase of 919 shares.
Current Market Performance
As of the latest trading session, shares of the Invesco Water Resources ETF opened at $74.44. The fund has a fifty-day simple moving average of $72.58 and a two-hundred-day simple moving average of $69.72. With a market capitalization of $2.25 billion, the ETF holds a price-to-earnings (P/E) ratio of 25.38 and a beta of 0.96. Over the past year, the ETF has seen a low of $57.11 and a high of $74.93.
The Invesco Water Resources ETF aims to mirror the price yield of the NASDAQ OMX US Water Index. This index tracks the performance of companies listed in the United States that produce products focused on water conservation and purification for various sectors, including homes, businesses, and industries.
Investors interested in the latest activity regarding the Invesco Water Resources ETF can access further details through resources like HoldingsChannel.com, which offers insights on 13F filings and insider trades related to this ETF.
