HighTower Advisors LLC Acquires 16,663 Shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

HighTower Advisors LLC raised its holdings in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 13.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,526 shares of the company’s stock after acquiring an additional 16,663 shares during the period. HighTower Advisors LLC owned about 5.68% of Invesco Dorsey Wright Industrials Momentum ETF worth $21,915,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PRN. Truvestments Capital LLC bought a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the third quarter worth about $31,000. Advisors Preferred LLC bought a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter worth about $47,000. Global Retirement Partners LLC grew its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 435.3% during the fourth quarter. Global Retirement Partners LLC now owns 364 shares of the company’s stock worth $56,000 after purchasing an additional 296 shares during the last quarter. FMR LLC grew its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 17.1% during the third quarter. FMR LLC now owns 404 shares of the company’s stock worth $62,000 after purchasing an additional 59 shares during the last quarter. Finally, Spire Wealth Management grew its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 473.3% during the fourth quarter. Spire Wealth Management now owns 860 shares of the company’s stock worth $132,000 after purchasing an additional 710 shares during the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Trading Up 3.2 %

NASDAQ:PRN opened at $139.20 on Friday. The stock’s 50-day moving average is $153.44 and its 200-day moving average is $156.97. Invesco Dorsey Wright Industrials Momentum ETF has a 1-year low of $126.68 and a 1-year high of $180.08. The stock has a market cap of $349.39 million, a P/E ratio of 26.47 and a beta of 1.17.

Invesco Dorsey Wright Industrials Momentum ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid 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.