Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Shares Down 0.2% – Here’s What Happened

Shares of Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) were down 0.2% during trading on Monday . The stock traded as low as $46.08 and last traded at $46.21. 3,541 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 12,889 shares. The stock had previously closed at $46.32.

Invesco Dorsey Wright Utilities Momentum ETF Trading Down 1.2%

The firm has a market capitalization of $54.77 million, a PE ratio of 20.63 and a beta of 0.64. The stock’s 50 day moving average price is $46.59 and its two-hundred day moving average price is $46.90.

Invesco Dorsey Wright Utilities Momentum ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a dividend of $0.2094 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, June 22nd.

Hedge Funds Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

A number of institutional investors have recently made changes to their positions in PUI. Raymond James Financial Inc. acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the second quarter valued at $173,000. Advisory Services Network LLC purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter valued at about $398,000. Osaic Holdings Inc. lifted its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 21.6% in the 2nd quarter. Osaic Holdings Inc. now owns 6,901 shares of the company’s stock valued at $289,000 after purchasing an additional 1,227 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 4,771.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock worth $119,000 after purchasing an additional 2,529 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 12.2% during the 3rd quarter. Private Advisor Group LLC now owns 6,169 shares of the company’s stock worth $283,000 after purchasing an additional 673 shares during the last quarter.

Invesco Dorsey Wright Utilities Momentum ETF Company 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). The Fund normally invests at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as consumer discretionary, information technology, telecommunication services and utilities.