Janney Montgomery Scott LLC Cuts Position in Invesco Dorsey Wright Industrials Momentum ETF $PRN

Janney Montgomery Scott LLC lowered its holdings in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 16.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,675 shares of the company’s stock after selling 6,664 shares during the quarter. Janney Montgomery Scott LLC owned 1.93% of Invesco Dorsey Wright Industrials Momentum ETF worth $6,356,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 6.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,065 shares of the company’s stock worth $186,000 after purchasing an additional 60 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 1,150 shares of the company’s stock valued at $199,000 after purchasing an additional 95 shares during the period. Advisory Services Network LLC lifted its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 4.7% in the fourth quarter. Advisory Services Network LLC now owns 2,740 shares of the company’s stock valued at $478,000 after purchasing an additional 124 shares during the period. Trueblood Wealth Management LLC boosted its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 4.8% during the fourth quarter. Trueblood Wealth Management LLC now owns 3,288 shares of the company’s stock worth $574,000 after buying an additional 150 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 9.9% during the third quarter. Larson Financial Group LLC now owns 2,424 shares of the company’s stock worth $419,000 after buying an additional 219 shares in the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

Shares of PRN opened at $235.15 on Friday. The firm’s 50-day moving average is $242.06 and its two-hundred day moving average is $213.01. Invesco Dorsey Wright Industrials Momentum ETF has a twelve month low of $154.67 and a twelve month high of $262.73. The firm has a market capitalization of $437.38 million, a P/E ratio of 28.33 and a beta of 1.27.

Invesco Dorsey Wright Industrials Momentum ETF 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.