Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Stock Price Up 0.6% – Here’s Why

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUIGet Free Report) shares were up 0.6% during mid-day trading on Friday . The company traded as high as $47.27 and last traded at $47.15. Approximately 7,352 shares were traded during mid-day trading, a decline of 50% from the average session volume of 14,741 shares. The stock had previously closed at $46.86.

Invesco Dorsey Wright Utilities Momentum ETF Stock Up 0.6%

The company has a market cap of $75.91 million, a price-to-earnings ratio of 20.63 and a beta of 0.63. The business’s fifty day simple moving average is $46.94 and its two-hundred day simple moving average is $46.47.

Invesco Dorsey Wright Utilities Momentum ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a $0.2094 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.84 dividend on an annualized basis and a yield of 1.8%.

Institutional Trading of Invesco Dorsey Wright Utilities Momentum ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PUI. Western Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 1st quarter valued at about $344,000. Sunbelt Securities Inc. increased its position in Invesco Dorsey Wright Utilities Momentum ETF by 1,659.7% during the first quarter. Sunbelt Securities Inc. now owns 2,622 shares of the company’s stock worth $123,000 after buying an additional 2,473 shares during the period. ROI Financial Advisors LLC lifted its stake in Invesco Dorsey Wright Utilities Momentum ETF by 3.0% in the first quarter. ROI Financial Advisors LLC now owns 44,744 shares of the company’s stock valued at $2,103,000 after buying an additional 1,308 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 612.6% in the first quarter. Royal Bank of Canada now owns 15,842 shares of the company’s stock valued at $745,000 after acquiring an additional 13,619 shares during the period. Finally, Parallel Advisors LLC grew its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 513.7% during the first quarter. Parallel Advisors LLC now owns 3,130 shares of the company’s stock worth $147,000 after acquiring an additional 2,620 shares during the last quarter.

About Invesco Dorsey Wright Utilities Momentum ETF

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PowerShares Dynamic Utilities Portfolio (Fund) is based on the Dynamic Utilities Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Utilities Intellidex Index (Index). The Fund normally invests at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as consumer discretionary, information technology, telecommunication services and utilities.

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