Janney Montgomery Scott LLC Takes Position in Invesco Dorsey Wright Utilities Momentum ETF $PUI

Janney Montgomery Scott LLC acquired a new stake in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 113,992 shares of the company’s stock, valued at approximately $4,768,000. Janney Montgomery Scott LLC owned approximately 6.83% of Invesco Dorsey Wright Utilities Momentum ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Silver Oak Securities Incorporated bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the second quarter valued at approximately $2,476,000. ROI Financial Advisors LLC boosted its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 1.3% during the first quarter. ROI Financial Advisors LLC now owns 43,787 shares of the company’s stock worth $1,793,000 after buying an additional 550 shares in the last quarter. IMC Chicago LLC bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the first quarter worth approximately $679,000. Farther Finance Advisors LLC bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the first quarter worth approximately $336,000. Finally, Private Trust Co. NA bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the first quarter worth approximately $56,000.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Shares of NASDAQ:PUI opened at $47.16 on Wednesday. The stock has a market capitalization of $53.76 million, a price-to-earnings ratio of 20.63 and a beta of 0.60. Invesco Dorsey Wright Utilities Momentum ETF has a 1-year low of $36.90 and a 1-year high of $47.35. The company has a 50 day moving average price of $44.50 and a 200 day moving average price of $42.34.

Invesco Dorsey Wright Utilities Momentum ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a dividend of $0.2162 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, September 22nd.

Invesco Dorsey Wright Utilities Momentum ETF Profile

PowerShares Dynamic Utilities Portfolio (Fund) is based on the Dynamic Utilities Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Utilities Intellidex Index (Index).