11,603 Shares in Invesco Dorsey Wright Utilities Momentum ETF $PUI Bought by RPS Advisory Solutions LLC

RPS Advisory Solutions LLC acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) in the fourth quarter, HoldingsChannel reports. The fund acquired 11,603 shares of the company’s stock, valued at approximately $506,000.

A number of other institutional investors have also made changes to their positions in PUI. JPMorgan Chase & Co. grew its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 4,771.7% during the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock worth $119,000 after purchasing an additional 2,529 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the second quarter worth $173,000. Ameritas Advisory Services LLC acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the fourth quarter worth $216,000. NWF Advisory Services Inc. acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the third quarter worth $230,000. Finally, Private Advisor Group LLC grew its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 12.2% during the third quarter. Private Advisor Group LLC now owns 6,169 shares of the company’s stock worth $283,000 after purchasing an additional 673 shares during the period.

Invesco Dorsey Wright Utilities Momentum ETF Stock Up 0.6%

Shares of Invesco Dorsey Wright Utilities Momentum ETF stock opened at $46.39 on Wednesday. Invesco Dorsey Wright Utilities Momentum ETF has a 12 month low of $40.88 and a 12 month high of $49.30. The business has a fifty day simple moving average of $47.36 and a 200 day simple moving average of $46.05. The stock has a market cap of $75.62 million, a PE ratio of 20.63 and a beta of 0.67.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.2594 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 23rd.

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). The Fund normally invests at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as consumer discretionary, information technology, telecommunication services and utilities.