Raymond James & Associates Purchases 252 Shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

Raymond James & Associates grew its position in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,376 shares of the company’s stock after purchasing an additional 252 shares during the period. Raymond James & Associates owned approximately 0.23% of Invesco Dorsey Wright Industrials Momentum ETF worth $400,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PRN. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 25.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 10,132 shares of the company’s stock valued at $1,024,000 after purchasing an additional 2,078 shares in the last quarter. Kingsview Wealth Management LLC lifted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 75.7% in the third quarter. Kingsview Wealth Management LLC now owns 4,077 shares of the company’s stock valued at $412,000 after purchasing an additional 1,757 shares in the last quarter. Silver Oak Securities Incorporated lifted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 13.8% in the third quarter. Silver Oak Securities Incorporated now owns 9,451 shares of the company’s stock valued at $955,000 after purchasing an additional 1,146 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 12.4% in the third quarter. Avantax Advisory Services Inc. now owns 6,855 shares of the company’s stock valued at $693,000 after purchasing an additional 755 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 13.0% in the third quarter. Private Advisor Group LLC now owns 3,150 shares of the company’s stock valued at $318,000 after acquiring an additional 362 shares during the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

NASDAQ:PRN opened at $134.61 on Friday. The stock’s 50-day simple moving average is $134.67 and its 200 day simple moving average is $119.60. The company has a market cap of $224.80 million, a P/E ratio of 30.27 and a beta of 1.07. Invesco Dorsey Wright Industrials Momentum ETF has a 52-week low of $91.29 and a 52-week high of $142.46.

Invesco Dorsey Wright Industrials Momentum ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a $0.0727 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend was Monday, March 18th.

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.