Raymond James Financial Inc. Invests $14.84 Million in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

Raymond James Financial Inc. bought a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 96,538 shares of the company’s stock, valued at approximately $14,844,000.

A number of other hedge funds also recently made changes to their positions in the business. Stifel Financial Corp bought a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the 3rd quarter valued at about $2,694,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Invesco Dorsey Wright Industrials Momentum ETF by 217.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,080 shares of the company’s stock valued at $2,793,000 after acquiring an additional 12,380 shares during the period. Advisors Preferred LLC bought a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the 4th quarter valued at about $47,000. DAVENPORT & Co LLC bought a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the 4th quarter valued at about $478,000. Finally, Private Advisor Group LLC raised its stake in Invesco Dorsey Wright Industrials Momentum ETF by 0.9% in the 4th quarter. Private Advisor Group LLC now owns 12,615 shares of the company’s stock valued at $1,940,000 after acquiring an additional 107 shares during the period.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Industrials Momentum ETF stock opened at $138.69 on Wednesday. Invesco Dorsey Wright Industrials Momentum ETF has a 52-week low of $126.68 and a 52-week high of $180.08. The stock’s 50-day simple moving average is $152.73 and its 200 day simple moving average is $157.00. The stock has a market capitalization of $348.11 million, a P/E ratio of 26.47 and a beta of 1.07.

Invesco Dorsey Wright Industrials Momentum ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.2497 per share. The ex-dividend date was Monday, December 23rd.

Invesco Dorsey Wright Industrials Momentum ETF Company Profile

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.