Noble Family Wealth LLC Sells 104 Shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

Noble Family Wealth LLC lessened its stake in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 2.2% in the first quarter, HoldingsChannel reports. The firm owned 4,697 shares of the company’s stock after selling 104 shares during the period. Noble Family Wealth LLC’s holdings in Invesco Dorsey Wright Industrials Momentum ETF were worth $655,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. SMI Advisory Services LLC acquired a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the first quarter worth about $4,472,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 21.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 12,266 shares of the company’s stock worth $1,453,000 after buying an additional 2,134 shares in the last quarter. Stonebridge Financial Planning Group LLC grew its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 11.5% during the fourth quarter. Stonebridge Financial Planning Group LLC now owns 3,871 shares of the company’s stock worth $458,000 after buying an additional 400 shares in the last quarter. Silver Oak Securities Incorporated grew its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 50.4% during the fourth quarter. Silver Oak Securities Incorporated now owns 14,211 shares of the company’s stock worth $1,683,000 after buying an additional 4,760 shares in the last quarter. Finally, Unique Wealth Strategies LLC bought a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter worth about $3,280,000.

Invesco Dorsey Wright Industrials Momentum ETF Stock Down 0.7 %

Shares of NASDAQ:PRN traded down $0.96 during mid-day trading on Friday, reaching $133.34. 3,983 shares of the stock were exchanged, compared to its average volume of 9,471. The company has a market cap of $222.68 million, a P/E ratio of 29.37 and a beta of 1.07. Invesco Dorsey Wright Industrials Momentum ETF has a one year low of $94.08 and a one year high of $142.46. The stock’s 50 day simple moving average is $135.90 and its 200-day simple moving average is $129.76.

Invesco Dorsey Wright Industrials Momentum ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a dividend of $0.0286 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.09%.

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.