B. Riley Wealth Advisors Inc. Decreases Stake in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI)

B. Riley Wealth Advisors Inc. reduced its position in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) by 11.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,960 shares of the company’s stock after selling 1,750 shares during the period. B. Riley Wealth Advisors Inc. owned approximately 1.33% of Invesco Dorsey Wright Utilities Momentum ETF worth $445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PUI. ROI Financial Advisors LLC purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF in the 4th quarter valued at about $1,437,000. Jones Financial Companies Lllp bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the fourth quarter worth about $209,000. Finally, LPL Financial LLC lifted its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 1.1% during the third quarter. LPL Financial LLC now owns 141,977 shares of the company’s stock worth $4,220,000 after purchasing an additional 1,541 shares during the last quarter.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Shares of PUI stock opened at $35.13 on Tuesday. Invesco Dorsey Wright Utilities Momentum ETF has a one year low of $28.14 and a one year high of $36.56. The company’s 50-day simple moving average is $35.03 and its 200-day simple moving average is $33.00. The stock has a market capitalization of $40.05 million, a price-to-earnings ratio of 20.82 and a beta of 0.60.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 24th will be given a dividend of $0.2194 per share. This is a boost from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, June 24th. This represents a $0.88 annualized dividend and a dividend yield of 2.50%.

About Invesco Dorsey Wright Utilities Momentum ETF

PowerShares Dynamic Utilities Portfolio (Fund) is based on the Dynamic Utilities Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Utilities Intellidex Index (Index).