Janney Montgomery Scott LLC Purchases 105,108 Shares of Invesco Dorsey Wright Energy Momentum ETF $PXI

Janney Montgomery Scott LLC lifted its position in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) by 1,909.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,613 shares of the company’s stock after purchasing an additional 105,108 shares during the period. Janney Montgomery Scott LLC owned about 8.25% of Invesco Dorsey Wright Energy Momentum ETF worth $6,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of PXI. Cherry Tree Wealth Management LLC purchased a new position in shares of Invesco Dorsey Wright Energy Momentum ETF during the 4th quarter valued at $59,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter worth about $68,000. Osaic Holdings Inc. raised its stake in Invesco Dorsey Wright Energy Momentum ETF by 27.6% during 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 period. Sound Income Strategies LLC bought a new stake in Invesco Dorsey Wright Energy Momentum ETF during the 4th quarter valued at approximately $126,000. Finally, Silver Oak Securities Incorporated purchased a new position in Invesco Dorsey Wright Energy Momentum ETF in the 1st quarter worth approximately $355,000.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

Shares of PXI opened at $54.08 on Friday. The firm has a market cap of $71.39 million, a P/E ratio of 17.22 and a beta of 0.61. Invesco Dorsey Wright Energy Momentum ETF has a 1 year low of $40.88 and a 1 year high of $62.36. The company has a 50 day simple moving average of $57.98 and a two-hundred day simple moving average of $54.39.

Invesco Dorsey Wright Energy Momentum ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.1822 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.73 annualized dividend and a yield of 1.3%.

Invesco Dorsey Wright Energy Momentum ETF Profile

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.