Invesco Dorsey Wright Energy Momentum ETF Declares Quarterly Dividend of $0.10 (NASDAQ:PXI)

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) declared a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Investors of record on Monday, March 23rd will be given a dividend of 0.1041 per share on Friday, March 27th. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, March 23rd.

Invesco Dorsey Wright Energy Momentum ETF Stock Up 0.1%

NASDAQ:PXI traded up $0.04 during mid-day trading on Monday, hitting $58.34. 11,254 shares of the company traded hands, compared to its average volume of 15,626. The stock’s fifty day moving average price is $52.64 and its 200-day moving average price is $48.57. Invesco Dorsey Wright Energy Momentum ETF has a one year low of $34.54 and a one year high of $59.60. The firm has a market cap of $49.01 million, a price-to-earnings ratio of 17.22 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PXI. Cherry Tree Wealth Management LLC purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter worth approximately $59,000. Flagship Harbor Advisors LLC bought a new stake in Invesco Dorsey Wright Energy Momentum ETF during the 4th quarter worth approximately $68,000. Osaic Holdings Inc. lifted its holdings in Invesco Dorsey Wright Energy Momentum ETF by 27.6% during the second quarter. Osaic Holdings Inc. now owns 2,366 shares of the company’s stock valued at $102,000 after purchasing an additional 512 shares in the last quarter. Sound Income Strategies LLC purchased a new position in Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter valued at approximately $126,000. Finally, Sunbelt Securities Inc. bought a new position in shares of Invesco Dorsey Wright Energy Momentum ETF in the third quarter worth approximately $458,000.

About Invesco Dorsey Wright Energy Momentum ETF

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. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.