Avantax Advisory Services Inc. buys 740 shares of Invesco DWA Industrials Momentum ETF (NASDAQ:PRN)

Avantax Advisory Services Inc. increased its stake in Invesco DWA Industrials Momentum ETF (NASDAQ:PRN – Get Rating) shares by 11.7% in Q1, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor held 7,063 shares of the company after purchasing an additional 740 shares during the quarter. Avantax Advisory Services Inc. held 0.37% of the Invesco DWA Industrials Momentum ETF worth $698,000 at the end of the last quarter.

Several other institutional investors also bought and sold shares of PRN. Geneos Wealth Management Inc. increased its position in Invesco DWA Industrials Momentum ETF by 444.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,088 shares of the company worth $126,000 after purchasing an additional 888 shares in the last quarter. JW Cole Advisors Inc. bought a new position in Invesco DWA Industrials Momentum ETF in the fourth quarter worth $311,000. First Republic Investment Management Inc. increased its position in Invesco DWA Industrials Momentum ETF by 4.4% in the fourth quarter. First Republic Investment Management Inc. now owns 3,535 shares of the company worth $411,000 after buying 150 additional shares in the last quarter. Private Advisory Group LLC bought a new position in Invesco DWA Industrials Momentum ETF in the fourth quarter worth $606,000. Finally, Stonebridge Financial Planning Group LLC increased its position in Invesco DWA Industrials Momentum ETF by 34.7% in the fourth quarter. Stonebridge Financial Planning Group LLC now owns 7,360 shares of the company worth $716,000 after purchasing an additional 1,895 shares in the last quarter.

Invesco DWA Industrials Momentum ETF Price Performance

PRN stock opened at $81.34 on Friday. The stock’s fifty-day simple moving average is $85.09 and its two-hundred-day simple moving average is $93.93. Invesco DWA Industrials Momentum ETF has a 1-year low of $78.72 and a 1-year high of $123.26.

Invesco DWA Industrials Momentum ETF increases its dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Wednesday, June 22 received a dividend of $0.119 per share. This represents a dividend of $0.48 on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Tuesday, June 21. This is a boost from Invesco DWA Industrials Momentum ETF’s previous quarterly dividend of $0.03.

Invesco DWA Industrials Momentum ETF Profile

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The PowerShares Dynamic Industrials Sector Portfolio (the Fund) seeks investment results that generally correspond to the price and performance of the Dynamic Industrials Sector Intellidex Index (the Index). The index is made up of stocks of 60 US industrial companies. These are companies primarily engaged in providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.

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