Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) is Transamerica Financial Advisors Inc.’s 9th Largest Position

Transamerica Financial Advisors Inc. decreased its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 0.2% in the 3rd quarter, Holdings Channel reports. The firm owned 113,079 shares of the company’s stock after selling 219 shares during the period. Invesco Dorsey Wright Industrials Momentum ETF comprises 1.7% of Transamerica Financial Advisors Inc.’s investment portfolio, making the stock its 9th largest holding. Transamerica Financial Advisors Inc. owned about 0.05% of Invesco Dorsey Wright Industrials Momentum ETF worth $17,300,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PRN. Raymond James & Associates grew its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 698.9% during the third quarter. Raymond James & Associates now owns 25,228 shares of the company’s stock worth $3,860,000 after purchasing an additional 22,070 shares in the last quarter. Founders Financial Securities LLC bought a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the 2nd quarter worth approximately $1,994,000. Cambridge Investment Research Advisors Inc. lifted its position in Invesco Dorsey Wright Industrials Momentum ETF by 60.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 22,564 shares of the company’s stock worth $3,009,000 after buying an additional 8,490 shares during the last quarter. Silver Oak Securities Incorporated lifted its position in Invesco Dorsey Wright Industrials Momentum ETF by 82.8% in the 3rd quarter. Silver Oak Securities Incorporated now owns 14,845 shares of the company’s stock worth $2,260,000 after buying an additional 6,724 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the 3rd quarter worth approximately $868,000.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

NASDAQ:PRN traded down $0.16 during mid-day trading on Tuesday, reaching $177.54. The stock had a trading volume of 6,150 shares, compared to its average volume of 13,297. The firm has a 50 day moving average price of $160.38 and a two-hundred day moving average price of $145.84. The stock has a market capitalization of $394.14 million, a P/E ratio of 29.37 and a beta of 1.07. Invesco Dorsey Wright Industrials Momentum ETF has a one year low of $106.20 and a one year high of $180.08.

Invesco Dorsey Wright Industrials Momentum ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.243 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $0.97 annualized dividend and a yield of 0.55%. This is an increase from Invesco Dorsey Wright Industrials Momentum ETF’s previous quarterly dividend of $0.03.

About Invesco Dorsey Wright Industrials Momentum ETF

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.