Fagan Associates Inc. Makes New $793,000 Investment in Invesco Dorsey Wright Industrials Momentum ETF $PRN

Fagan Associates Inc. purchased a new position in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,008 shares of the company’s stock, valued at approximately $793,000. Fagan Associates Inc. owned approximately 0.23% of Invesco Dorsey Wright Industrials Momentum ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. Paller Financial Services Inc lifted its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 2.7% during the third quarter. Paller Financial Services Inc now owns 19,455 shares of the company’s stock valued at $3,849,000 after purchasing an additional 512 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF in the second quarter valued at about $2,785,000. American Trust increased its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 1.4% during the first quarter. American Trust now owns 9,035 shares of the company’s stock worth $1,758,000 after purchasing an additional 126 shares in the last quarter. Kestra Advisory Services LLC increased its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 30.8% during the first quarter. Kestra Advisory Services LLC now owns 6,134 shares of the company’s stock worth $1,193,000 after purchasing an additional 1,444 shares in the last quarter. Finally, Founders Financial Securities LLC purchased a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the first quarter worth about $545,000.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

Shares of PRN traded up $0.91 during mid-day trading on Tuesday, hitting $198.61. 13,701 shares of the company were exchanged, compared to its average volume of 31,367. Invesco Dorsey Wright Industrials Momentum ETF has a 1-year low of $156.00 and a 1-year high of $262.73. The company has a 50 day moving average of $204.89 and a 200-day moving average of $221.33. The stock has a market cap of $353.53 million, a price-to-earnings ratio of 28.33 and a beta of 1.28.

Invesco Dorsey Wright Industrials Momentum ETF Company Profile

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.