Niemann Capital Management Inc. boosted its stake in Invesco DWA Utilities Momentum ETF (NASDAQ:PUI) by 97.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 932,626 shares of the company’s stock after acquiring an additional 459,703 shares during the period. Invesco DWA Utilities Momentum ETF accounts for about 23.0% of Niemann Capital Management Inc.’s holdings, making the stock its biggest position. Niemann Capital Management Inc. owned about 11.30% of Invesco DWA Utilities Momentum ETF worth $31,724,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. NEXT Financial Group Inc bought a new stake in Invesco DWA Utilities Momentum ETF in the second quarter worth about $123,000. Mutual Advisors LLC bought a new stake in shares of Invesco DWA Utilities Momentum ETF in the third quarter valued at approximately $214,000. SPC Financial Inc. bought a new stake in shares of Invesco DWA Utilities Momentum ETF in the third quarter valued at approximately $263,000. Tower Research Capital LLC TRC bought a new stake in shares of Invesco DWA Utilities Momentum ETF in the second quarter valued at approximately $272,000. Finally, Brookstone Capital Management raised its position in shares of Invesco DWA Utilities Momentum ETF by 16.4% in the second quarter. Brookstone Capital Management now owns 10,531 shares of the company’s stock valued at $342,000 after purchasing an additional 1,481 shares during the period.

Shares of NASDAQ PUI traded down $0.21 during midday trading on Friday, hitting $32.96. The company’s stock had a trading volume of 471,111 shares, compared to its average volume of 87,556. The stock has a fifty day moving average price of $34.56 and a 200 day moving average price of $33.30. Invesco DWA Utilities Momentum ETF has a one year low of $27.67 and a one year high of $35.27.

About Invesco DWA Utilities Momentum ETF

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).

Further Reading: No Load Funds

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Institutional Ownership by Quarter for Invesco DWA Utilities Momentum ETF (NASDAQ:PUI)

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