Royal Bank of Canada Has $745,000 Holdings in Invesco Dorsey Wright Utilities Momentum ETF $PUI

Royal Bank of Canada lifted its holdings in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) by 612.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,842 shares of the company’s stock after purchasing an additional 13,619 shares during the quarter. Royal Bank of Canada owned 0.97% of Invesco Dorsey Wright Utilities Momentum ETF worth $745,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PUI. Arax Advisory Partners bought a new position in Invesco Dorsey Wright Utilities Momentum ETF in the fourth quarter valued at $65,000. JPMorgan Chase & Co. increased its stake in Invesco Dorsey Wright Utilities Momentum ETF by 4,771.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock valued at $119,000 after buying an additional 2,529 shares during the last quarter. Parallel Advisors LLC lifted its position in Invesco Dorsey Wright Utilities Momentum ETF by 513.7% during the 1st quarter. Parallel Advisors LLC now owns 3,130 shares of the company’s stock worth $147,000 after buying an additional 2,620 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the 2nd quarter worth about $173,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter worth about $216,000.

Invesco Dorsey Wright Utilities Momentum ETF Price Performance

Invesco Dorsey Wright Utilities Momentum ETF stock opened at $44.54 on Monday. The company has a market cap of $53.45 million, a price-to-earnings ratio of 20.63 and a beta of 0.64. The firm has a 50-day moving average of $46.53 and a 200-day moving average of $46.91. Invesco Dorsey Wright Utilities Momentum ETF has a one year low of $42.65 and a one year high of $49.30.

Invesco Dorsey Wright Utilities Momentum ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a dividend of $0.2094 per share. This represents a $0.84 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, June 22nd.

Invesco Dorsey Wright Utilities Momentum ETF 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). 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.