Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $183.76 and traded as high as $192.82. Invesco Dorsey Wright Industrials Momentum ETF shares last traded at $191.42, with a volume of 18,754 shares traded.

Invesco Dorsey Wright Industrials Momentum ETF Stock Up 3.2%

The business’s 50 day moving average is $183.76 and its two-hundred day moving average is $174.39. The firm has a market cap of $336.31 million, a P/E ratio of 28.33 and a beta of 1.23.

Institutional Investors Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

Large investors have recently modified their holdings of the stock. WMG Financial Advisors LLC boosted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 5.1% in the 2nd quarter. WMG Financial Advisors LLC now owns 1,744 shares of the company’s stock worth $274,000 after purchasing an additional 84 shares in the last quarter. SPC Financial Inc. grew its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 3.0% during the 2nd quarter. SPC Financial Inc. now owns 7,500 shares of the company’s stock valued at $1,178,000 after purchasing an additional 215 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Invesco Dorsey Wright Industrials Momentum ETF by 65.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,250 shares of the company’s stock worth $5,065,000 after purchasing an additional 12,724 shares during the period. Schmidt P J Investment Management Inc. lifted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 15.6% in the second quarter. Schmidt P J Investment Management Inc. now owns 3,084 shares of the company’s stock worth $484,000 after purchasing an additional 417 shares during the last quarter. Finally, Advisors Preferred LLC bought a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the second quarter valued at approximately $59,000.

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.