Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Shares Sold by Financial Management Professionals Inc.

Financial Management Professionals Inc. trimmed its position in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 7.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 26,507 shares of the company’s stock after selling 2,255 shares during the period. Invesco Dorsey Wright Industrials Momentum ETF accounts for about 0.5% of Financial Management Professionals Inc.’s portfolio, making the stock its 29th largest position. Financial Management Professionals Inc.’s holdings in Invesco Dorsey Wright Industrials Momentum ETF were worth $3,699,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of PRN. Unique Wealth Strategies LLC purchased a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF in the 4th quarter valued at approximately $3,280,000. Silver Oak Securities Incorporated raised its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 13.8% in the 3rd quarter. Silver Oak Securities Incorporated now owns 9,451 shares of the company’s stock valued at $955,000 after acquiring an additional 1,146 shares during the period. J.W. Cole Advisors Inc. increased its stake in Invesco Dorsey Wright Industrials Momentum ETF by 16.8% during the 4th quarter. J.W. Cole Advisors Inc. now owns 4,074 shares of the company’s stock worth $482,000 after buying an additional 586 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Invesco Dorsey Wright Industrials Momentum ETF by 21.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 12,266 shares of the company’s stock worth $1,453,000 after buying an additional 2,134 shares during the period. Finally, SMI Advisory Services LLC purchased a new stake in Invesco Dorsey Wright Industrials Momentum ETF during the 1st quarter worth approximately $4,472,000.

Invesco Dorsey Wright Industrials Momentum ETF Stock Down 0.7 %

Shares of PRN opened at $133.34 on Friday. Invesco Dorsey Wright Industrials Momentum ETF has a fifty-two week low of $94.08 and a fifty-two week high of $142.46. The firm’s 50 day moving average price is $135.90 and its 200 day moving average price is $129.76. The company has a market cap of $222.68 million, a P/E ratio of 29.37 and a beta of 1.07.

Invesco Dorsey Wright Industrials Momentum ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a dividend of $0.0286 per share. This represents a $0.11 annualized dividend and a yield of 0.09%. The ex-dividend date of this dividend was Monday, June 24th.

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.