Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $196.34 and traded as high as $206.82. Invesco Dorsey Wright Industrials Momentum ETF shares last traded at $206.10, with a volume of 19,308 shares trading hands.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

The company has a market cap of $350.37 million, a price-to-earnings ratio of 28.33 and a beta of 1.23. The company’s 50 day moving average price is $196.34 and its 200 day moving average price is $180.42.

Hedge Funds Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

Institutional investors have recently bought and sold shares of the stock. Providence Capital Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 3rd quarter worth about $25,000. Cullen Frost Bankers Inc. acquired a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the 3rd quarter worth approximately $38,000. Darwin Wealth Management LLC bought a new stake in Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter worth approximately $43,000. Advisors Preferred LLC bought a new stake in Invesco Dorsey Wright Industrials Momentum ETF during the second quarter worth approximately $59,000. Finally, Sankala Group LLC acquired a new position in Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter valued at approximately $83,000.

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.