Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Stock Passes Above Fifty Day Moving Average – Should You Sell?

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $174.26 and traded as high as $177.59. Invesco Dorsey Wright Industrials Momentum ETF shares last traded at $175.57, with a volume of 6,828 shares changing hands.

Invesco Dorsey Wright Industrials Momentum ETF Trading Up 0.3%

The stock has a fifty day simple moving average of $174.26 and a two-hundred day simple moving average of $161.61. The company has a market cap of $384.50 million, a PE ratio of 28.33 and a beta of 1.23.

Invesco Dorsey Wright Industrials Momentum ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a dividend of $0.2106 per share. This is a boost from Invesco Dorsey Wright Industrials Momentum ETF’s previous quarterly dividend of $0.07. This represents a $0.84 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

Institutional Investors Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

Several institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC increased its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 1.3% in the 3rd quarter. HighTower Advisors LLC now owns 148,350 shares of the company’s stock valued at $25,630,000 after purchasing an additional 1,945 shares in the last quarter. LPL Financial LLC grew its position in Invesco Dorsey Wright Industrials Momentum ETF by 25.8% during the first quarter. LPL Financial LLC now owns 125,516 shares of the company’s stock worth $17,285,000 after buying an additional 25,761 shares during the period. Transamerica Financial Advisors LLC increased its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 2.7% in the first quarter. Transamerica Financial Advisors LLC now owns 120,835 shares of the company’s stock valued at $16,641,000 after buying an additional 3,195 shares in the last quarter. Raymond James Financial Inc. increased its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 14.1% in the first quarter. Raymond James Financial Inc. now owns 110,192 shares of the company’s stock valued at $15,174,000 after buying an additional 13,653 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 262.6% during the 2nd quarter. Osaic Holdings Inc. now owns 34,739 shares of the company’s stock valued at $5,468,000 after acquiring an additional 25,158 shares during the period.

About Invesco Dorsey Wright Industrials Momentum ETF

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.