5,403 Shares in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Acquired by Private Advisor Group LLC

Private Advisor Group LLC bought a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) during the third quarter, HoldingsChannel reports. The fund bought 5,403 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds also recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. increased its position in Invesco Dorsey Wright Utilities Momentum ETF by 12.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 15,710 shares of the company’s stock worth $529,000 after purchasing an additional 1,750 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 1.6% in the second quarter. Capital Advisors Ltd. LLC now owns 17,705 shares of the company’s stock valued at $616,000 after buying an additional 279 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the second quarter valued at approximately $962,000.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Shares of NASDAQ PUI opened at $39.93 on Friday. The firm has a market cap of $54.70 million, a P/E ratio of 20.82 and a beta of 0.60. Invesco Dorsey Wright Utilities Momentum ETF has a 1 year low of $30.01 and a 1 year high of $40.70. The firm’s 50 day moving average price is $39.61 and its 200 day moving average price is $37.08.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.23 per share. This is a boost from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, September 23rd. This represents a $0.92 annualized dividend and a dividend yield of 2.30%.

About Invesco Dorsey Wright Utilities Momentum ETF

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).