Private Advisor Group LLC Boosts Stake in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

Private Advisor Group LLC increased its position in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 21.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 8,958 shares of the company’s stock after purchasing an additional 1,575 shares during the period. Private Advisor Group LLC owned 0.54% of Invesco Dorsey Wright Industrials Momentum ETF worth $1,194,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Invesco Dorsey Wright Industrials Momentum ETF in the 2nd quarter valued at about $33,000. Lynx Investment Advisory acquired a new position in Invesco Dorsey Wright Industrials Momentum ETF in the 2nd quarter valued at about $40,000. RPS Advisory Solutions LLC acquired a new position in Invesco Dorsey Wright Industrials Momentum ETF in the 2nd quarter valued at about $218,000. J.W. Cole Advisors Inc. increased its position in Invesco Dorsey Wright Industrials Momentum ETF by 5.4% in the 1st quarter. J.W. Cole Advisors Inc. now owns 4,295 shares of the company’s stock valued at $599,000 after acquiring an additional 221 shares during the period. Finally, SPC Financial Inc. increased its position in Invesco Dorsey Wright Industrials Momentum ETF by 3.2% in the 1st quarter. SPC Financial Inc. now owns 7,546 shares of the company’s stock valued at $1,053,000 after acquiring an additional 233 shares during the period.

Invesco Dorsey Wright Industrials Momentum ETF Stock Up 1.5 %

Shares of PRN stock opened at $145.04 on Monday. The stock has a market capitalization of $239.32 million, a PE ratio of 29.37 and a beta of 1.07. Invesco Dorsey Wright Industrials Momentum ETF has a 52-week low of $94.08 and a 52-week high of $145.99. The stock’s 50-day moving average price is $139.35 and its 200 day moving average price is $137.05.

Invesco Dorsey Wright Industrials Momentum ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a dividend of $0.0286 per share. This represents a $0.11 annualized dividend and a yield of 0.08%. The ex-dividend date was Monday, June 24th.

About Invesco Dorsey Wright Industrials Momentum ETF

PowerShares Dynamic Industrials Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Industrials Sector Intellidex Index (the Index). The Index consists of stocks of 60 United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.