Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Shares Bought by SPC Financial Inc.

SPC Financial Inc. increased its stake in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 1.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 7,641 shares of the company’s stock after acquiring an additional 95 shares during the period. SPC Financial Inc.’s holdings in Invesco Dorsey Wright Industrials Momentum ETF were worth $1,019,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PRN. Sunbelt Securities Inc. lifted its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 512.7% in the 2nd quarter. Sunbelt Securities Inc. now owns 3,425 shares of the company’s stock valued at $457,000 after acquiring an additional 2,866 shares during the last quarter. Stonebridge Financial Planning Group LLC lifted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 23.5% during the second quarter. Stonebridge Financial Planning Group LLC now owns 4,780 shares of the company’s stock valued at $637,000 after purchasing an additional 909 shares during the last quarter. Private Advisor Group LLC raised its position in Invesco Dorsey Wright Industrials Momentum ETF by 21.3% during the second quarter. Private Advisor Group LLC now owns 8,958 shares of the company’s stock valued at $1,194,000 after buying an additional 1,575 shares during the period. Founders Financial Securities LLC purchased a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the 2nd quarter worth about $1,994,000. Finally, Commonwealth Equity Services LLC grew its stake in Invesco Dorsey Wright Industrials Momentum ETF by 15.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 12,199 shares of the company’s stock valued at $1,627,000 after acquiring an additional 1,643 shares in the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Price Performance

Shares of PRN opened at $152.99 on Tuesday. The company has a market capitalization of $252.43 million, a price-to-earnings ratio of 29.37 and a beta of 1.07. The business’s 50-day moving average is $141.93 and its 200-day moving average is $138.33. Invesco Dorsey Wright Industrials Momentum ETF has a fifty-two week low of $94.08 and a fifty-two week high of $153.96.

Invesco Dorsey Wright Industrials Momentum ETF Increases Dividend

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

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.