Sunbelt Securities Inc. Has $457,000 Stock Position in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

Sunbelt Securities Inc. boosted its stake in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 512.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,425 shares of the company’s stock after acquiring an additional 2,866 shares during the period. Sunbelt Securities Inc. owned 0.21% of Invesco Dorsey Wright Industrials Momentum ETF worth $457,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in Invesco Dorsey Wright Industrials Momentum ETF by 2.3% during the first quarter. Janney Montgomery Scott LLC now owns 65,196 shares of the company’s stock worth $9,098,000 after purchasing an additional 1,442 shares during the period. SMI Advisory Services LLC bought a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF in the 1st quarter valued at $4,472,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 60.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 22,564 shares of the company’s stock valued at $3,009,000 after acquiring an additional 8,490 shares during the period. Genesee Capital Advisors LLC boosted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 9.9% during the second quarter. Genesee Capital Advisors LLC now owns 17,106 shares of the company’s stock worth $2,281,000 after acquiring an additional 1,544 shares in the last quarter. Finally, Founders Financial Securities LLC acquired a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the second quarter worth $1,994,000.

Invesco Dorsey Wright Industrials Momentum ETF Trading Down 0.3 %

Shares of NASDAQ PRN opened at $152.48 on Wednesday. The firm has a market capitalization of $251.59 million, a P/E ratio of 29.37 and a beta of 1.07. The firm’s 50-day moving average price is $142.12 and its 200-day moving average price is $138.46. Invesco Dorsey Wright Industrials Momentum ETF has a 1-year low of $94.08 and a 1-year high of $153.96.

Invesco Dorsey Wright Industrials Momentum ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.243 per share. This is an increase from Invesco Dorsey Wright Industrials Momentum ETF’s previous quarterly dividend of $0.03. This represents a $0.97 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Monday, September 23rd.

Invesco Dorsey Wright Industrials Momentum ETF Company Profile

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.