MGB Wealth Management LLC Acquires 700 Shares of Invesco Water Resources ETF (NASDAQ:PHO)

MGB Wealth Management LLC lifted its holdings in shares of Invesco Water Resources ETF (NASDAQ:PHO) by 93.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,450 shares of the company’s stock after acquiring an additional 700 shares during the period. MGB Wealth Management LLC’s holdings in Invesco Water Resources ETF were worth $95,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PHO. Wingate Wealth Advisors Inc. acquired a new stake in Invesco Water Resources ETF in the 4th quarter valued at $33,000. Sunbelt Securities Inc. bought a new position in shares of Invesco Water Resources ETF during the third quarter valued at $36,000. McClarren Financial Advisors Inc. boosted its stake in shares of Invesco Water Resources ETF by 424.0% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 676 shares of the company’s stock valued at $48,000 after purchasing an additional 547 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Invesco Water Resources ETF in the 3rd quarter worth about $54,000. Finally, Kennebec Savings Bank acquired a new stake in shares of Invesco Water Resources ETF during the 3rd quarter worth about $60,000.

Invesco Water Resources ETF Stock Up 0.6 %

Shares of PHO stock opened at $67.57 on Friday. The company has a market capitalization of $2.18 billion, a P/E ratio of 37.18 and a beta of 0.96. Invesco Water Resources ETF has a 12-month low of $61.62 and a 12-month high of $72.59. The firm has a 50-day moving average price of $67.45 and a 200 day moving average price of $68.74.

Invesco Water Resources ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a $0.0923 dividend. The ex-dividend date of this dividend was Monday, December 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.