Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Stock Price Down 1% – What’s Next?

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI)’s stock price traded down 1% during trading on Monday . The stock traded as low as $44.40 and last traded at $44.40. 5,086 shares were traded during mid-day trading, a decline of 64% from the average session volume of 14,027 shares. The stock had previously closed at $44.83.

Invesco Dorsey Wright Utilities Momentum ETF Price Performance

The stock has a 50 day simple moving average of $46.37 and a two-hundred day simple moving average of $44.18. The company has a market cap of $50.62 million, a price-to-earnings ratio of 20.63 and a beta of 0.66.

Invesco Dorsey Wright Utilities Momentum ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a $0.2162 dividend. This represents a $0.86 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, September 22nd.

Hedge Funds Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Several institutional investors have recently bought and sold shares of the company. Silver Oak Securities Incorporated acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the second quarter worth about $2,476,000. Janney Montgomery Scott LLC acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the second quarter valued at approximately $4,768,000. SPC Financial Inc. purchased a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter worth approximately $994,000. ROI Financial Advisors LLC lifted its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 3.0% during the 2nd quarter. ROI Financial Advisors LLC now owns 45,084 shares of the company’s stock worth $1,886,000 after buying an additional 1,297 shares in the last quarter. Finally, Advisors Capital Management LLC acquired a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter worth approximately $211,000.

Invesco Dorsey Wright Utilities Momentum ETF Company Profile

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).