Stonebridge Financial Planning Group LLC Lowers Position in Invesco Dorsey Wright Industrials Momentum ETF $PRN

Stonebridge Financial Planning Group LLC lessened its stake in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 5.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,069 shares of the company’s stock after selling 401 shares during the period. Stonebridge Financial Planning Group LLC’s holdings in Invesco Dorsey Wright Industrials Momentum ETF were worth $1,110,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 25.8% during the 1st quarter. LPL Financial LLC now owns 125,516 shares of the company’s stock valued at $17,285,000 after buying an additional 25,761 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 14.1% during the 1st quarter. Raymond James Financial Inc. now owns 110,192 shares of the company’s stock valued at $15,174,000 after buying an additional 13,653 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 65.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 32,250 shares of the company’s stock valued at $5,065,000 after buying an additional 12,724 shares in the last quarter. OLD Mission Capital LLC purchased a new position in Invesco Dorsey Wright Industrials Momentum ETF in the 1st quarter valued at $751,000. Finally, Transamerica Financial Advisors LLC lifted its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 2.7% in the 1st quarter. Transamerica Financial Advisors LLC now owns 120,835 shares of the company’s stock valued at $16,641,000 after purchasing an additional 3,195 shares in the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

Shares of PRN stock opened at $178.48 on Wednesday. The stock’s fifty day moving average is $172.74 and its two-hundred day moving average is $159.93. The firm has a market capitalization of $389.09 million, a P/E ratio of 28.33 and a beta of 1.23. Invesco Dorsey Wright Industrials Momentum ETF has a fifty-two week low of $118.25 and a fifty-two week high of $187.53.

Invesco Dorsey Wright Industrials Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a $0.2106 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, September 22nd. This is an increase from Invesco Dorsey Wright Industrials Momentum ETF’s previous quarterly dividend of $0.07.

About Invesco Dorsey Wright Industrials Momentum ETF

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.