International Assets Investment Management LLC Acquires New Shares in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI)

International Assets Investment Management LLC bought a new stake in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) during the 4th quarter, Holdings Channel reports. The fund bought 76,065 shares of the company’s stock, valued at approximately $3,399,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its position in shares of Invesco Dorsey Wright Energy Momentum ETF by 282.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 25,238 shares of the company’s stock worth $1,167,000 after purchasing an additional 18,647 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Invesco Dorsey Wright Energy Momentum ETF by 1,046.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 147,826 shares of the company’s stock worth $6,835,000 after buying an additional 134,937 shares during the period. SPC Financial Inc. bought a new position in Invesco Dorsey Wright Energy Momentum ETF during the third quarter worth about $700,000. Scotia Capital Inc. acquired a new position in Invesco Dorsey Wright Energy Momentum ETF in the third quarter valued at about $593,000. Finally, Silver Oak Securities Incorporated bought a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the third quarter worth about $747,000.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

NASDAQ PXI opened at $48.62 on Friday. Invesco Dorsey Wright Energy Momentum ETF has a one year low of $35.48 and a one year high of $51.20. The firm has a market cap of $70.98 million, a P/E ratio of 7.40 and a beta of 1.68. The stock’s 50-day moving average is $48.32 and its 200-day moving average is $45.33.

Invesco Dorsey Wright Energy Momentum ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.077 per share. This represents a $0.31 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Monday, March 18th.

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.