Genesee Capital Advisors LLC Trims Holdings in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

Genesee Capital Advisors LLC decreased its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 0.8% in the third quarter, HoldingsChannel reports. The firm owned 16,970 shares of the company’s stock after selling 136 shares during the quarter. Invesco Dorsey Wright Industrials Momentum ETF makes up 1.3% of Genesee Capital Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Genesee Capital Advisors LLC’s holdings in Invesco Dorsey Wright Industrials Momentum ETF were worth $2,596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PRN. International Assets Investment Management LLC purchased a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the second quarter worth about $33,000. Lynx Investment Advisory purchased a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 2nd quarter worth approximately $40,000. Private Advisory Group LLC purchased a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF in the 3rd quarter valued at approximately $219,000. RPS Advisory Solutions LLC bought a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the second quarter valued at approximately $218,000. Finally, Sunbelt Securities Inc. boosted its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 512.7% during the second quarter. Sunbelt Securities Inc. now owns 3,425 shares of the company’s stock valued at $457,000 after purchasing an additional 2,866 shares in the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Industrials Momentum ETF stock traded down $0.73 during trading on Monday, hitting $160.57. The company’s stock had a trading volume of 3,133 shares, compared to its average volume of 12,026. Invesco Dorsey Wright Industrials Momentum ETF has a 52 week low of $94.08 and a 52 week high of $162.69. The company has a market capitalization of $346.83 million, a PE ratio of 29.37 and a beta of 1.07. The company has a fifty day simple moving average of $147.34 and a two-hundred day simple moving average of $140.17.

Invesco Dorsey Wright Industrials Momentum ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.243 per share. This is an increase from Invesco Dorsey Wright Industrials Momentum ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Monday, September 23rd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.61%.

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.