Murphy Middleton Hinkle & Parker Inc. Makes New $668,000 Investment in Invesco Water Resources ETF $PHO

Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Invesco Water Resources ETF (NASDAQ:PHO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,484 shares of the company’s stock, valued at approximately $668,000.

Several other institutional investors have also modified their holdings of the business. Eastern Bank bought a new stake in Invesco Water Resources ETF during the 3rd quarter worth approximately $29,000. Assetmark Inc. lifted its stake in Invesco Water Resources ETF by 45.4% in the third quarter. Assetmark Inc. now owns 589 shares of the company’s stock valued at $42,000 after buying an additional 184 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Invesco Water Resources ETF by 156.5% in the second quarter. Geneos Wealth Management Inc. now owns 590 shares of the company’s stock valued at $41,000 after buying an additional 360 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Invesco Water Resources ETF by 79.3% in the third quarter. Blue Trust Inc. now owns 746 shares of the company’s stock valued at $54,000 after buying an additional 330 shares during the period. Finally, Westfuller Advisors LLC acquired a new position in shares of Invesco Water Resources ETF in the third quarter valued at approximately $58,000.

Invesco Water Resources ETF Stock Up 1.4%

Shares of PHO stock opened at $66.76 on Tuesday. Invesco Water Resources ETF has a 12-month low of $57.11 and a 12-month high of $74.93. The firm has a fifty day moving average of $71.74 and a 200-day moving average of $71.88. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 25.38 and a beta of 1.02.

Invesco Water Resources ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be paid a $0.1046 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, March 23rd. This is a boost from Invesco Water Resources ETF’s previous quarterly dividend of $0.08.

Invesco Water Resources ETF Profile

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. The Fund invests in the sector such, such as industrials, utilities, healthcare, information technology and materials.