Stifel Financial Corp Makes New $2.69 Million Investment in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

Stifel Financial Corp bought a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 17,598 shares of the company’s stock, valued at approximately $2,694,000.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 17.1% during the third quarter. FMR LLC now owns 404 shares of the company’s stock valued at $62,000 after acquiring an additional 59 shares in the last quarter. SPC Financial Inc. lifted its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 1.3% during the 2nd quarter. SPC Financial Inc. now owns 7,641 shares of the company’s stock valued at $1,019,000 after buying an additional 95 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 5.1% in the third quarter. Larson Financial Group LLC now owns 1,964 shares of the company’s stock worth $300,000 after acquiring an additional 95 shares during the period. MGB Wealth Management LLC boosted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 12.9% in the 3rd quarter. MGB Wealth Management LLC now owns 875 shares of the company’s stock worth $134,000 after purchasing an additional 100 shares during the period. Finally, Truvestments Capital LLC bought a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the 3rd quarter valued at $31,000.

Invesco Dorsey Wright Industrials Momentum ETF Trading Down 4.4 %

Shares of NASDAQ PRN opened at $156.29 on Thursday. The stock has a market capitalization of $346.96 million, a price-to-earnings ratio of 29.37 and a beta of 1.07. The firm’s 50-day moving average price is $166.70 and its 200-day moving average price is $149.71. Invesco Dorsey Wright Industrials Momentum ETF has a 12-month low of $113.13 and a 12-month high of $180.08.

Invesco Dorsey Wright Industrials Momentum ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.243 dividend. This represents a $0.97 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Monday, September 23rd. This is a positive change from Invesco Dorsey Wright Industrials Momentum ETF’s previous quarterly dividend of $0.03.

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.