LPL Financial LLC Sells 78,855 Shares of Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI)

LPL Financial LLC decreased its position in shares of Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) by 25.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 233,644 shares of the company’s stock after selling 78,855 shares during the period. LPL Financial LLC owned about 21.84% of Invesco Dorsey Wright Utilities Momentum ETF worth $9,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Independent Advisor Alliance acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the fourth quarter valued at $2,000,000. Steward Partners Investment Advisory LLC bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter worth about $27,000. Private Advisor Group LLC increased its position in Invesco Dorsey Wright Utilities Momentum ETF by 60.1% in the 4th quarter. Private Advisor Group LLC now owns 8,651 shares of the company’s stock valued at $335,000 after acquiring an additional 3,248 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the fourth quarter worth about $58,000. Finally, Financial Management Professionals Inc. acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the fourth quarter worth approximately $1,102,000.

Invesco Dorsey Wright Utilities Momentum ETF Price Performance

PUI opened at $38.49 on Friday. The stock has a market capitalization of $43.11 million, a P/E ratio of 20.35 and a beta of 0.60. The company’s 50 day simple moving average is $40.44 and its 200-day simple moving average is $40.24. Invesco Dorsey Wright Utilities Momentum ETF has a one year low of $32.25 and a one year high of $42.78.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.2554 dividend. This is a boost from Invesco Dorsey Wright Utilities Momentum ETF’s previous dividend of $0.20. The ex-dividend date was Monday, March 24th.

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).