Clear Creek Financial Management LLC Buys 25,934 Shares of Invesco Dorsey Wright Energy Momentum ETF $PXI

Clear Creek Financial Management LLC raised its position in shares of Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) by 43.4% in the third quarter, HoldingsChannel.com reports. The firm owned 85,685 shares of the company’s stock after purchasing an additional 25,934 shares during the quarter. Clear Creek Financial Management LLC owned 0.09% of Invesco Dorsey Wright Energy Momentum ETF worth $4,016,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PXI. Osaic Holdings Inc. boosted its stake in shares of Invesco Dorsey Wright Energy Momentum ETF by 27.6% in the 2nd quarter. Osaic Holdings Inc. now owns 2,366 shares of the company’s stock valued at $102,000 after purchasing an additional 512 shares during the last quarter. Trueblood Wealth Management LLC lifted its holdings in Invesco Dorsey Wright Energy Momentum ETF by 5.9% in the third quarter. Trueblood Wealth Management LLC now owns 10,338 shares of the company’s stock valued at $485,000 after buying an additional 575 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in Invesco Dorsey Wright Energy Momentum ETF by 49.5% during the second quarter. Tower Research Capital LLC TRC now owns 13,374 shares of the company’s stock valued at $577,000 after acquiring an additional 4,431 shares during the last quarter.

Invesco Dorsey Wright Energy Momentum ETF Trading Up 0.7%

Shares of Invesco Dorsey Wright Energy Momentum ETF stock opened at $53.14 on Friday. The business has a 50-day moving average price of $48.46 and a two-hundred day moving average price of $46.60. Invesco Dorsey Wright Energy Momentum ETF has a 1-year low of $34.54 and a 1-year high of $53.39. The company has a market cap of $44.64 million, a P/E ratio of 17.22 and a beta of 0.93.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a dividend of $0.2296 per share. This is an increase from Invesco Dorsey Wright Energy Momentum ETF’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, December 22nd.

About Invesco Dorsey Wright Energy Momentum ETF

PowerShares Dynamic Energy Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as energy, materials and utilities. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.