Private Advisor Group LLC Has $1.03 Million Stock Position in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

Private Advisor Group LLC boosted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 155.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 7,383 shares of the company’s stock after acquiring an additional 4,494 shares during the quarter. Private Advisor Group LLC’s holdings in Invesco Dorsey Wright Industrials Momentum ETF were worth $1,030,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of PRN. SMI Advisory Services LLC acquired a new position in Invesco Dorsey Wright Industrials Momentum ETF in the 1st quarter valued at about $4,472,000. Unique Wealth Strategies LLC bought a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter worth approximately $3,280,000. Raymond James Financial Services Advisors Inc. grew its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 289.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 22,246 shares of the company’s stock valued at $3,104,000 after purchasing an additional 16,531 shares during the last quarter. Genesee Capital Advisors LLC increased its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 5.2% during the fourth quarter. Genesee Capital Advisors LLC now owns 15,795 shares of the company’s stock worth $1,871,000 after purchasing an additional 776 shares during the period. Finally, Silver Oak Securities Incorporated lifted its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 50.4% during the 4th quarter. Silver Oak Securities Incorporated now owns 14,211 shares of the company’s stock worth $1,683,000 after purchasing an additional 4,760 shares during the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Price Performance

PRN opened at $138.17 on Friday. The company has a market capitalization of $233.51 million, a PE ratio of 29.37 and a beta of 1.07. The business has a fifty day simple moving average of $136.10 and a 200 day simple moving average of $130.94. Invesco Dorsey Wright Industrials Momentum ETF has a 1 year low of $94.08 and a 1 year high of $142.46.

Invesco Dorsey Wright Industrials Momentum ETF Cuts Dividend

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

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.