Cullen/Frost Bankers’s Invesco Water Resources ETF PHO Stock Holding History

Cullen/Frost Bankers’s Portfolio PHO Stock Details PHO Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-320	Closed	-$23.1K	–	1508
2025 Q3	$23.1K	Buy	+320	New	+$22.9K	﹤0.01%	912
2022 Q1	–	Sell	-650	Closed	-$40K	–	1235
2021 Q4	$40K	Buy	+650	New	+$37.8K	﹤0.01%	786
2020 Q3	–	Sell	-648	Closed	-$24K	–	1244
2020 Q2	$24K	Buy	+648	New	+$22.5K	﹤0.01%	789

Other funds holding PHO

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

SWM

Shepherd Wealth Management Cincinnati, Ohio $134M AUM 45.23% 1-Year Est. Return

1832 Asset Management Toronto, Ontario, Canada $109B AUM 35.56% 1-Year Est. Return

Raymond James Financial St Petersburg, Florida $324B AUM 22.36% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

PWM

Perigon Wealth Management San Francisco, California $6.36B AUM 28.76% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $202B AUM 37.79% 1-Year Est. Return

Cullen/Frost Bankers's PHO Position: Q4 2025 in Review

Cullen/Frost Bankers sold out of Invesco Water Resources ETF (PHO) in Q4 2025, closing a stake of 320 shares — an estimated $23.1K sold.

Cullen/Frost Bankers first reported a position in PHO in Q2 2020 and held it in 3 quarters. The position peaked at $40K in Q4 2021. 380 funds tracked by Wall St. Rank hold PHO as of Q4 2025.

Cullen/Frost Bankers reported no remaining Invesco Water Resources ETF position as of Q4 2025 after selling out during the quarter.
Cullen/Frost Bankers sold 320 Invesco Water Resources ETF shares in Q4 2025, an estimated $23.1K.
Cullen/Frost Bankers first reported a position in Invesco Water Resources ETF in Q2 2020 and held it in 3 quarters.
Cullen/Frost Bankers's Invesco Water Resources ETF position peaked at $40K in Q4 2021.
380 funds tracked by Wall St. Rank held Invesco Water Resources ETF as of Q4 2025.

Based on Cullen/Frost Bankers's 13F filing for Q4 2025, filed 6 Feb 2026.