Janney Montgomery Scott LLC Cuts Position in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

Janney Montgomery Scott LLC reduced its stake in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRNFree Report) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,911 shares of the company’s stock after selling 645 shares during the period. Janney Montgomery Scott LLC owned 4.60% of Invesco Dorsey Wright Industrials Momentum ETF worth $6,562,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. grew its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 21.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,451 shares of the company’s stock worth $734,000 after purchasing an additional 1,305 shares during the period. Cetera Advisor Networks LLC purchased a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the first quarter worth about $334,000. Centaurus Financial Inc. purchased a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the first quarter worth about $282,000. Royal Bank of Canada grew its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 541.1% in the first quarter. Royal Bank of Canada now owns 42,163 shares of the company’s stock worth $4,155,000 after purchasing an additional 35,586 shares during the period. Finally, Advisory Services Network LLC grew its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 53.7% in the first quarter. Advisory Services Network LLC now owns 2,683 shares of the company’s stock worth $264,000 after purchasing an additional 937 shares during the period.

Invesco Dorsey Wright Industrials Momentum ETF Stock Up 1.1 %

NASDAQ:PRN opened at $128.21 on Monday. The company’s 50 day moving average price is $116.93 and its 200-day moving average price is $108.25. Invesco Dorsey Wright Industrials Momentum ETF has a 52 week low of $89.28 and a 52 week high of $128.55. The stock has a market cap of $185.90 million, a price-to-earnings ratio of 12.58 and a beta of 1.07.

Invesco Dorsey Wright Industrials Momentum ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Tuesday, December 19th were issued a dividend of $0.1816 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Monday, December 18th.

Invesco Dorsey Wright Industrials Momentum ETF Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

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