Financial Management Professionals Inc. Has $514,000 Stock Holdings in Invesco Dorsey Wright Utilities Momentum ETF $PUI

Financial Management Professionals Inc. trimmed its position in shares of Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) by 18.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,296 shares of the company’s stock after selling 2,795 shares during the quarter. Financial Management Professionals Inc.’s holdings in Invesco Dorsey Wright Utilities Momentum ETF were worth $514,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PUI. Silver Oak Securities Incorporated purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the second quarter worth approximately $2,476,000. ROI Financial Advisors LLC grew its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 1.3% during the first quarter. ROI Financial Advisors LLC now owns 43,787 shares of the company’s stock worth $1,793,000 after buying an additional 550 shares in the last quarter. Private Trust Co. NA bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the first quarter worth $56,000. Farther Finance Advisors LLC purchased a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the 1st quarter valued at $336,000. Finally, IMC Chicago LLC purchased a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the 1st quarter valued at $679,000.

Invesco Dorsey Wright Utilities Momentum ETF Price Performance

Shares of PUI stock opened at $46.02 on Wednesday. The firm has a 50-day moving average of $43.85 and a 200-day moving average of $41.94. Invesco Dorsey Wright Utilities Momentum ETF has a one year low of $36.90 and a one year high of $46.09. The company has a market cap of $78.23 million, a P/E ratio of 20.63 and a beta of 0.60.

Invesco Dorsey Wright Utilities Momentum ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Monday, September 22nd will be paid a dividend of $0.2162 per share. The ex-dividend date is Monday, September 22nd. This represents a $0.86 annualized dividend and a dividend yield of 1.9%.

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).