Belpointe Asset Management LLC Sells 224 Shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

Belpointe Asset Management LLC lessened its position in shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 4.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,643 shares of the company’s stock after selling 224 shares during the quarter. Belpointe Asset Management LLC owned about 0.18% of Invesco Dorsey Wright Industrials Momentum ETF worth $675,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PRN. FMR LLC grew its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 17.1% in the third quarter. FMR LLC now owns 404 shares of the company’s stock valued at $62,000 after purchasing an additional 59 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 0.9% in the 4th quarter. Private Advisor Group LLC now owns 12,615 shares of the company’s stock worth $1,940,000 after buying an additional 107 shares during the last quarter. Avantax Advisory Services Inc. raised its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 1.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 6,658 shares of the company’s stock valued at $1,024,000 after buying an additional 123 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 1.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 7,502 shares of the company’s stock valued at $1,153,000 after acquiring an additional 125 shares during the last quarter. Finally, StoneX Group Inc. grew its position in Invesco Dorsey Wright Industrials Momentum ETF by 1.6% in the fourth quarter. StoneX Group Inc. now owns 14,877 shares of the company’s stock worth $2,287,000 after acquiring an additional 230 shares in the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Price Performance

Shares of PRN stock opened at $133.56 on Wednesday. The company has a market cap of $323.22 million, a PE ratio of 27.06 and a beta of 1.07. The stock’s 50 day simple moving average is $141.92 and its two-hundred day simple moving average is $155.35. Invesco Dorsey Wright Industrials Momentum ETF has a 1 year low of $118.25 and a 1 year high of $180.08.

Invesco Dorsey Wright Industrials Momentum ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.006 per share. The ex-dividend date was Monday, March 24th.

Invesco Dorsey Wright Industrials Momentum ETF 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.