Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $137.01 and traded as high as $147.66. Invesco Dorsey Wright Industrials Momentum ETF shares last traded at $147.49, with a volume of 7,090 shares traded.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

The firm’s 50-day moving average is $137.01 and its two-hundred day moving average is $152.52. The stock has a market cap of $343.65 million, a P/E ratio of 28.80 and a beta of 1.07.

Invesco Dorsey Wright Industrials Momentum ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a $0.006 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Trading of Invesco Dorsey Wright Industrials Momentum ETF

A number of institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN grew its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 12.7% during the 4th quarter. Wells Fargo & Company MN now owns 174,696 shares of the company’s stock worth $26,861,000 after acquiring an additional 19,735 shares during the period. HighTower Advisors LLC grew its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 1.7% during the 1st quarter. HighTower Advisors LLC now owns 144,883 shares of the company’s stock worth $19,952,000 after acquiring an additional 2,357 shares during the period. LPL Financial LLC grew its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 25.8% during the 1st quarter. LPL Financial LLC now owns 125,516 shares of the company’s stock worth $17,285,000 after acquiring an additional 25,761 shares during the period. Transamerica Financial Advisors LLC grew its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 2.7% during the 1st quarter. Transamerica Financial Advisors LLC now owns 120,835 shares of the company’s stock worth $16,641,000 after acquiring an additional 3,195 shares during the period. Finally, Transamerica Financial Advisors Inc. grew its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 4.0% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 117,640 shares of the company’s stock valued at $18,089,000 after buying an additional 4,561 shares during the period.

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.