Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Stock Price Crosses Above 50-Day Moving Average of $141.13

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $141.13 and traded as high as $152.69. Invesco Dorsey Wright Industrials Momentum ETF shares last traded at $152.05, with a volume of 14,681 shares changing hands.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

The firm’s fifty day moving average is $141.68 and its 200-day moving average is $138.13. The company has a market capitalization of $251.23 million, a P/E ratio of 29.37 and a beta of 1.07.

Invesco Dorsey Wright Industrials Momentum ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.243 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.64%. This is a positive change from Invesco Dorsey Wright Industrials Momentum ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Monday, September 23rd.

Hedge Funds Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

Hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. increased its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 21.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 12,266 shares of the company’s stock worth $1,453,000 after buying an additional 2,134 shares during the period. SMI Advisory Services LLC acquired a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF in the 1st quarter valued at about $4,472,000. J.W. Cole Advisors Inc. boosted its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 5.4% during the 1st quarter. J.W. Cole Advisors Inc. now owns 4,295 shares of the company’s stock valued at $599,000 after purchasing an additional 221 shares in the last quarter. Private Advisor Group LLC increased its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 155.6% in the first quarter. Private Advisor Group LLC now owns 7,383 shares of the company’s stock worth $1,030,000 after purchasing an additional 4,494 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 2.3% in the first quarter. Janney Montgomery Scott LLC now owns 65,196 shares of the company’s stock valued at $9,098,000 after buying an additional 1,442 shares during the period.

About Invesco Dorsey Wright Industrials Momentum ETF

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.