Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Stock Price Up 0.6% – Here’s What Happened

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) shares were up 0.6% on Friday . The stock traded as high as $47.27 and last traded at $47.15. 7,352 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 14,741 shares. The stock had previously closed at $46.86.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

The firm has a market cap of $75.91 million, a price-to-earnings ratio of 20.63 and a beta of 0.63. The business’s 50-day moving average is $46.94 and its 200-day moving average is $46.47.

Invesco Dorsey Wright Utilities Momentum ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.2094 per share. This represents a $0.84 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Arax Advisory Partners acquired a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter valued at $65,000. JPMorgan Chase & Co. boosted its stake in Invesco Dorsey Wright Utilities Momentum ETF by 4,771.7% in 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 in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 1,659.7% during the first quarter. Sunbelt Securities Inc. now owns 2,622 shares of the company’s stock worth $123,000 after purchasing an additional 2,473 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 513.7% during the first quarter. Parallel Advisors LLC now owns 3,130 shares of the company’s stock worth $147,000 after purchasing an additional 2,620 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the second quarter valued at about $173,000.

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.