Unique Wealth Strategies LLC Acquires Shares of 54,824 Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI)

Unique Wealth Strategies LLC purchased a new position in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 54,824 shares of the company’s stock, valued at approximately $2,450,000. Invesco Dorsey Wright Energy Momentum ETF comprises 1.6% of Unique Wealth Strategies LLC’s investment portfolio, making the stock its 14th largest position. Unique Wealth Strategies LLC owned about 2.38% of Invesco Dorsey Wright Energy Momentum ETF at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PXI. Scotia Capital Inc. bought a new position in shares of Invesco Dorsey Wright Energy Momentum ETF in the third quarter worth about $593,000. SPC Financial Inc. bought a new position in shares of Invesco Dorsey Wright Energy Momentum ETF in the third quarter worth about $700,000. Silver Oak Securities Incorporated purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF in the third quarter worth about $747,000. Cambridge Investment Research Advisors Inc. lifted its stake in Invesco Dorsey Wright Energy Momentum ETF by 282.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 25,238 shares of the company’s stock worth $1,167,000 after acquiring an additional 18,647 shares during the period. Finally, Genesee Capital Advisors LLC purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF in the third quarter worth about $1,237,000.

Invesco Dorsey Wright Energy Momentum ETF Stock Up 0.4 %

NASDAQ:PXI traded up $0.20 during mid-day trading on Friday, reaching $49.81. The company’s stock had a trading volume of 1,289 shares, compared to its average volume of 15,352. Invesco Dorsey Wright Energy Momentum ETF has a 1 year low of $35.46 and a 1 year high of $51.20. The stock has a fifty day moving average of $47.62 and a 200-day moving average of $45.12. The firm has a market capitalization of $75.21 million, a PE ratio of 7.51 and a beta of 1.68.

Invesco Dorsey Wright Energy Momentum ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were paid a $0.077 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Monday, March 18th.

Invesco Dorsey Wright Energy Momentum ETF Company Profile

PowerShares Dynamic Energy Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as energy, materials and utilities.