NewEdge Advisors LLC lowered its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN – Free Report) by 66.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,933 shares of the company’s stock after selling 5,939 shares during the period. NewEdge Advisors LLC owned 0.17% of Invesco Dorsey Wright Industrials Momentum ETF worth $571,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 267.5% during the second quarter. Tower Research Capital LLC TRC now owns 8,023 shares of the company’s stock valued at $1,260,000 after purchasing an additional 5,840 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 187.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,005 shares of the company’s stock valued at $158,000 after buying an additional 655 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 15.2% during the 2nd quarter. Advisory Services Network LLC now owns 2,751 shares of the company’s stock worth $452,000 after acquiring an additional 364 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 9.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,150 shares of the company’s stock worth $199,000 after acquiring an additional 95 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 3rd quarter worth $1,728,000.
Invesco Dorsey Wright Industrials Momentum ETF Stock Performance
Shares of PRN opened at $207.60 on Friday. Invesco Dorsey Wright Industrials Momentum ETF has a fifty-two week low of $156.00 and a fifty-two week high of $262.73. The business has a 50-day moving average of $231.01 and a 200 day moving average of $221.96. The firm has a market cap of $400.67 million, a P/E ratio of 28.33 and a beta of 1.29.
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.
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