Sunbelt Securities Inc. Buys 2,866 Shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

Sunbelt Securities Inc. grew its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 512.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,425 shares of the company’s stock after acquiring an additional 2,866 shares during the quarter. Sunbelt Securities Inc.’s holdings in Invesco Dorsey Wright Industrials Momentum ETF were worth $457,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in Invesco Dorsey Wright Industrials Momentum ETF during the 2nd quarter valued at about $33,000. Lynx Investment Advisory bought a new position in Invesco Dorsey Wright Industrials Momentum ETF in the 2nd quarter valued at approximately $40,000. RPS Advisory Solutions LLC purchased a new stake in Invesco Dorsey Wright Industrials Momentum ETF during the 2nd quarter valued at $218,000. J.W. Cole Advisors Inc. raised its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 5.4% in the first quarter. J.W. Cole Advisors Inc. now owns 4,295 shares of the company’s stock worth $599,000 after purchasing an additional 221 shares during the last quarter. Finally, Stonebridge Financial Planning Group LLC lifted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 23.5% during the second quarter. Stonebridge Financial Planning Group LLC now owns 4,780 shares of the company’s stock valued at $637,000 after purchasing an additional 909 shares in the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

Shares of NASDAQ:PRN opened at $152.48 on Wednesday. The firm has a market cap of $251.59 million, a price-to-earnings ratio of 29.37 and a beta of 1.07. The business has a 50-day simple moving average of $142.12 and a two-hundred day simple moving average of $138.46. Invesco Dorsey Wright Industrials Momentum ETF has a fifty-two week low of $94.08 and a fifty-two week high of $153.96.

Invesco Dorsey Wright Industrials Momentum ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.243 per share. This represents a $0.97 annualized dividend and a dividend yield of 0.64%. This is a boost from Invesco Dorsey Wright Industrials Momentum ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, September 23rd.

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.