International Assets Investment Management LLC Makes New Investment in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

International Assets Investment Management LLC purchased a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 250 shares of the company’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. J.W. Cole Advisors Inc. lifted 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 in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 21.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 12,266 shares of the company’s stock valued at $1,453,000 after purchasing an additional 2,134 shares in the last quarter. SMI Advisory Services LLC purchased a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the first quarter valued at $4,472,000. Lynx Investment Advisory bought a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the 2nd quarter worth about $40,000. Finally, Private Advisor Group LLC increased its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 155.6% in the 1st quarter. Private Advisor Group LLC now owns 7,383 shares of the company’s stock worth $1,030,000 after buying an additional 4,494 shares in the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

PRN opened at $137.37 on Friday. The company’s 50-day simple moving average is $138.56 and its two-hundred day simple moving average is $136.48. The stock has a market capitalization of $226.66 million, a P/E 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 $145.47.

Invesco Dorsey Wright Industrials Momentum ETF Cuts Dividend

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

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.