Advisors Preferred LLC Buys Shares of 303 Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

Advisors Preferred LLC bought a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 303 shares of the company’s stock, valued at approximately $47,000.

A number of other hedge funds have also made changes to their positions in the company. Schmidt P J Investment Management Inc. acquired a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter valued at approximately $312,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 217.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,080 shares of the company’s stock valued at $2,793,000 after purchasing an additional 12,380 shares in the last quarter. Spire Wealth Management grew its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 473.3% in the fourth quarter. Spire Wealth Management now owns 860 shares of the company’s stock valued at $132,000 after purchasing an additional 710 shares in the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF in the fourth quarter valued at approximately $478,000. Finally, Nilsine Partners LLC purchased a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF in the fourth quarter valued at approximately $1,412,000.

Invesco Dorsey Wright Industrials Momentum ETF Price Performance

PRN stock opened at $159.42 on Friday. The business has a 50 day simple moving average of $161.29 and a 200-day simple moving average of $155.49. The firm has a market capitalization of $400.14 million, a PE ratio of 29.37 and a beta of 1.07. Invesco Dorsey Wright Industrials Momentum ETF has a 1 year low of $123.84 and a 1 year high of $180.08.

Invesco Dorsey Wright Industrials Momentum ETF Announces Dividend

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