Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRNGet Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $220.32 and traded as low as $217.83. Invesco Dorsey Wright Industrials Momentum ETF shares last traded at $221.90, with a volume of 84,412 shares changing hands.

Invesco Dorsey Wright Industrials Momentum ETF Trading Up 0.5%

The company has a 50-day simple moving average of $235.13 and a 200 day simple moving average of $220.32. The company has a market cap of $428.27 million, a P/E ratio of 28.33 and a beta of 1.29.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Darwin Wealth Management LLC purchased a new position in Invesco Dorsey Wright Industrials Momentum ETF in the 4th quarter worth about $43,000. Sankala Group LLC purchased a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the 4th quarter valued at about $83,000. O Shaughnessy Asset Management LLC purchased a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the 4th quarter valued at about $88,000. Dynamic Advisor Solutions LLC bought a new position in Invesco Dorsey Wright Industrials Momentum ETF in the 2nd quarter worth about $249,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 187.1% during the second quarter. Geneos Wealth Management Inc. now owns 1,005 shares of the company’s stock worth $158,000 after acquiring an additional 655 shares during the period.

About Invesco Dorsey Wright Industrials Momentum ETF

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Invesco Dorsey Wright Industrials Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Dorsey Wright Industrials Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.