Wealthstreet Investment Advisors LLC bought a new position 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.

A number of other hedge funds and other institutional investors have also made changes to their positions in PHO. Oppenheimer & Co. Inc. increased its position in shares of Powershares Water Resource Portfolio by 10.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 19,708 shares of the company’s stock valued at $597,000 after purchasing an additional 1,800 shares during the last quarter. Retirement Income Solutions Inc bought a new position in shares of Powershares Water Resource Portfolio during the 4th quarter valued at about $467,000. Palladium Partners LLC bought a new position in shares of Powershares Water Resource Portfolio during the 4th quarter valued at about $211,000. Raymond James Trust N.A. bought a new position in shares of Powershares Water Resource Portfolio during the 4th quarter valued at about $234,000. Finally, North Star Asset Management Inc. bought a new position in shares of Powershares Water Resource Portfolio during the 4th quarter valued at about $212,000.

Powershares Water Resource Portfolio (NASDAQ:PHO) opened at $29.58 on Wednesday. The company has a market capitalization of $823.80, a PE ratio of -12.33 and a beta of 1.18. Powershares Water Resource Portfolio has a 1 year low of $25.33 and a 1 year high of $31.82.

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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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Institutional Ownership by Quarter for Powershares Water Resource Portfolio (NASDAQ:PHO)

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