LPL Financial LLC Cuts Position in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI)

LPL Financial LLC cut its stake in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) by 62.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,632 shares of the company’s stock after selling 145,012 shares during the quarter. LPL Financial LLC owned about 0.05% of Invesco Dorsey Wright Utilities Momentum ETF worth $3,629,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Capital Inc. purchased a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 4th quarter valued at $1,317,000. IMC Chicago LLC acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 1st quarter worth $679,000. Farther Finance Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 1st quarter worth $336,000. Westbourne Investments Inc. acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 4th quarter worth $201,000. Finally, Private Trust Co. NA acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 1st quarter worth $56,000.

Invesco Dorsey Wright Utilities Momentum ETF Price Performance

Invesco Dorsey Wright Utilities Momentum ETF stock opened at $43.76 on Friday. The stock has a market capitalization of $74.39 million, a price-to-earnings ratio of 20.63 and a beta of 0.60. Invesco Dorsey Wright Utilities Momentum ETF has a 1-year low of $36.90 and a 1-year high of $45.13. The business has a fifty day moving average price of $42.55 and a 200-day moving average price of $41.29.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were given a $0.2452 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, June 23rd. This is a positive change from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.23.

Invesco Dorsey Wright Utilities Momentum ETF Profile

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).