Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Shares Climb 0.3% – What’s Next?

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI – Get Free Report) shares rose 0.3% during trading on Wednesday. The stock traded as high as $43.24 and last traded at $43.23. Approximately 5,633 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 10,860 shares. The stock had previously closed at $43.08.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

The firm has a fifty day simple moving average of $43.31 and a 200 day simple moving average of $45.66. The company has a market cap of $50.15 million, a PE ratio of 20.63 and a beta of 0.62.

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Several hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. acquired a new position in Invesco Dorsey Wright Utilities Momentum ETF during the second quarter worth approximately $505,000. Integrated Wealth Concepts LLC purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF during the second quarter worth approximately $241,000. Citadel Advisors LLC raised its stake in Invesco Dorsey Wright Utilities Momentum ETF by 52.4% during the second quarter. Citadel Advisors LLC now owns 7,186 shares of the company’s stock worth $342,000 after purchasing an additional 2,472 shares during the period. Ameritas Advisory Services LLC purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF during the second quarter worth approximately $270,000. Finally, NWF Advisory Services Inc. raised its stake in Invesco Dorsey Wright Utilities Momentum ETF by 32.2% during the second quarter. NWF Advisory Services Inc. now owns 12,435 shares of the company’s stock worth $591,000 after purchasing an additional 3,028 shares during the period.

About Invesco Dorsey Wright Utilities Momentum ETF

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Invesco Dorsey Wright Utilities 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 Utilities Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.