Commonwealth Equity Services LLC Increases Holdings of Invesco DWA Industrials Momentum ETF (NASDAQ:PRN)
Commonwealth Equity Services LLC increased its stake in shares of Invesco DWA Industrials Momentum ETF (NASDAQ:PRN – Get Rating) by 66.9% during the first quarter, according to the company in its latest SEC filing. The institutional investor held 24,154 shares of the company after purchasing an additional 9,682 shares during the quarter. Commonwealth Equity Services LLC owned approximately 1.43% of the Invesco DWA Industrials Momentum ETF worth $2,380,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently increased or reduced their stake in PRN. First Republic Investment Management Inc. raised 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 valued at $411,000 after purchasing an additional 150 shares during the period. Avantax Advisory Services Inc. increased its stake in Invesco DWA Industrials Momentum ETF shares by 11.7% in the first quarter. Avantax Advisory Services Inc. now owns 7,063 shares of the company valued at $698,000 after purchasing an additional 740 shares last quarter. Geneos Wealth Management Inc. increased its stake in Invesco DWA Industrials Momentum ETF shares by 444.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,088 shares of the company valued at $126,000 after purchasing an additional 888 shares last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Invesco DWA Industrials Momentum ETF shares by 20.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 27,286 shares of the company valued at $3,172,000 after buying 4,629 additional shares last quarter. Finally, SPC Financial Inc. acquired a new equity stake in Invesco DWA Industrials Momentum ETF in the first quarter at a value of $589,000.
Invesco DWA Industrials Momentum ETF Stock down 0.3%
NASDAQ PRN shares opened at $91.21 on Wednesday. Invesco DWA Industrials Momentum ETF has a 12-month low of $78.72 and a 12-month high of $123.26. The stock has a fifty-day simple moving average of $85.12 and a 200-day simple moving average of $91.54.
Invesco DWA Industrials Momentum ETF increases its dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Wednesday, June 22 received a dividend of $0.119. 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. This represents a dividend of $0.48 on an annualized basis and a dividend yield of 0.52%.
About the Invesco DWA Industrials Momentum ETF
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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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