Invesco Dorsey Wright Industrials Momentum ETF $PRN Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 6.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,361 shares of the company’s stock after purchasing an additional 561 shares during the period. Cetera Investment Advisers’ holdings in Invesco Dorsey Wright Industrials Momentum ETF were worth $1,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in PRN. WMG Financial Advisors LLC boosted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 5.1% during the second quarter. WMG Financial Advisors LLC now owns 1,744 shares of the company’s stock valued at $274,000 after acquiring an additional 84 shares during the period. MGB Wealth Management LLC lifted its position in Invesco Dorsey Wright Industrials Momentum ETF by 19.3% in the 1st quarter. MGB Wealth Management LLC now owns 1,080 shares of the company’s stock valued at $149,000 after purchasing an additional 175 shares during the last quarter. SPC Financial Inc. lifted its position in Invesco Dorsey Wright Industrials Momentum ETF by 3.0% in the 2nd quarter. SPC Financial Inc. now owns 7,500 shares of the company’s stock valued at $1,178,000 after purchasing an additional 215 shares during the last quarter. Trueblood Wealth Management LLC boosted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 8.2% during the 2nd quarter. Trueblood Wealth Management LLC now owns 3,053 shares of the company’s stock valued at $479,000 after purchasing an additional 231 shares during the period. Finally, Belpointe Asset Management LLC grew its position in Invesco Dorsey Wright Industrials Momentum ETF by 4.2% in the 2nd quarter. Belpointe Asset Management LLC now owns 6,950 shares of the company’s stock worth $1,092,000 after purchasing an additional 278 shares during the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Trading Down 2.7%

Shares of NASDAQ:PRN opened at $167.92 on Tuesday. The firm’s 50 day moving average is $174.16 and its two-hundred day moving average is $164.01. The firm has a market capitalization of $367.74 million, a P/E ratio of 28.33 and a beta of 1.23. Invesco Dorsey Wright Industrials Momentum ETF has a 52 week low of $118.25 and a 52 week high of $187.53.

Invesco Dorsey Wright Industrials Momentum ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a $0.2106 dividend. The ex-dividend date was Monday, September 22nd. This represents a $0.84 annualized dividend and a yield of 0.5%. This is an increase from Invesco Dorsey Wright Industrials Momentum ETF’s previous quarterly dividend of $0.07.

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.