Truvestments Capital LLC Purchases New Position in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

Truvestments Capital LLC acquired a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 200 shares of the company’s stock, valued at approximately $31,000.

A number of other institutional investors also recently made changes to their positions in PRN. Larson Financial Group LLC lifted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 5.1% during the third quarter. Larson Financial Group LLC now owns 1,964 shares of the company’s stock worth $300,000 after buying an additional 95 shares in the last quarter. MGB Wealth Management LLC raised its stake in Invesco Dorsey Wright Industrials Momentum ETF by 12.9% in the 3rd quarter. MGB Wealth Management LLC now owns 875 shares of the company’s stock worth $134,000 after purchasing an additional 100 shares in the last quarter. StoneX Group Inc. raised its stake in Invesco Dorsey Wright Industrials Momentum ETF by 4.5% in the 3rd quarter. StoneX Group Inc. now owns 14,647 shares of the company’s stock worth $2,241,000 after purchasing an additional 636 shares in the last quarter. Prospera Financial Services Inc bought a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the 3rd quarter valued at about $329,000. Finally, MinichMacGregor Wealth Management LLC acquired a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 3rd quarter worth approximately $375,000.

Invesco Dorsey Wright Industrials Momentum ETF Trading Down 0.8 %

Shares of PRN opened at $176.00 on Friday. Invesco Dorsey Wright Industrials Momentum ETF has a 12 month low of $106.20 and a 12 month high of $180.08. The firm’s 50 day moving average is $161.58 and its 200-day moving average is $146.32. The stock has a market capitalization of $390.72 million, a PE ratio of 29.37 and a beta of 1.07.

Invesco Dorsey Wright Industrials Momentum ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.243 per share. This represents a $0.97 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Monday, September 23rd. This is a positive change from Invesco Dorsey Wright Industrials Momentum ETF’s previous quarterly dividend of $0.03.

Invesco Dorsey Wright Industrials Momentum ETF Profile

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.