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

Murphy Middleton Hinkle & Parker Inc. acquired a new position in shares of Invesco Water Resources ETF (NASDAQ:PHO) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 9,484 shares of the company’s stock, valued at approximately $668,000.

Other hedge funds have also modified their holdings of the company. Eastern Bank acquired a new stake in Invesco Water Resources ETF in the 3rd quarter valued at approximately $29,000. Assetmark Inc. boosted its position in Invesco Water Resources ETF by 45.4% during the 3rd quarter. Assetmark Inc. now owns 589 shares of the company’s stock worth $42,000 after acquiring an additional 184 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Invesco Water Resources ETF by 156.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 590 shares of the company’s stock worth $41,000 after acquiring an additional 360 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Invesco Water Resources ETF by 79.3% during the 3rd quarter. Blue Trust Inc. now owns 746 shares of the company’s stock worth $54,000 after acquiring an additional 330 shares in the last quarter. Finally, Westfuller Advisors LLC bought a new position in shares of Invesco Water Resources ETF during the 3rd quarter worth approximately $58,000.

Invesco Water Resources ETF Stock Up 1.4%

NASDAQ PHO opened at $66.76 on Tuesday. The firm’s 50 day moving average is $71.74 and its 200-day moving average is $71.88. The company has a market capitalization of $1.98 billion, a PE ratio of 25.38 and a beta of 1.02. Invesco Water Resources ETF has a 12-month low of $57.11 and a 12-month high of $74.93.

Invesco Water Resources ETF Increases Dividend

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

About Invesco Water Resources ETF

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.