Wealthstreet Investment Advisors LLC bought a new stake in Powershares Water Resource Portfolio (NASDAQ:PHO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 29,604 shares of the company’s stock, valued at approximately $896,000. Wealthstreet Investment Advisors LLC owned approximately 0.11% of Powershares Water Resource Portfolio at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in PHO. Renaissance Investment Group LLC acquired a new stake in Powershares Water Resource Portfolio during the 4th quarter worth approximately $215,000. Pennsylvania Trust Co acquired a new stake in Powershares Water Resource Portfolio in the fourth quarter valued at approximately $201,000. Vicus Capital grew its position in Powershares Water Resource Portfolio by 6.0% in the fourth quarter. Vicus Capital now owns 40,618 shares of the company’s stock valued at $1,230,000 after acquiring an additional 2,316 shares in the last quarter. TIAA FSB acquired a new stake in Powershares Water Resource Portfolio in the fourth quarter valued at approximately $307,000. Finally, MD Financial Management Inc. acquired a new stake in Powershares Water Resource Portfolio in the fourth quarter valued at approximately $26,235,000.
Shares of Powershares Water Resource Portfolio (NASDAQ:PHO) traded down $0.19 during trading hours on Wednesday, reaching $30.14. 23,600 shares of the company’s stock traded hands, compared to its average volume of 63,357. Powershares Water Resource Portfolio has a one year low of $25.33 and a one year high of $31.82. The firm has a market capitalization of $838.56, a P/E ratio of -12.70 and a beta of 1.18.
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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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