MGB Wealth Management LLC Buys 100 Shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

MGB Wealth Management LLC increased its stake in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 12.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 875 shares of the company’s stock after purchasing an additional 100 shares during the period. MGB Wealth Management LLC’s holdings in Invesco Dorsey Wright Industrials Momentum ETF were worth $134,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PRN. StoneX Group Inc. raised its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 4.5% during the 3rd quarter. StoneX Group Inc. now owns 14,647 shares of the company’s stock valued at $2,241,000 after acquiring an additional 636 shares during the last quarter. Prospera Financial Services Inc bought a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 3rd quarter valued at $329,000. MinichMacGregor Wealth Management LLC bought a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 3rd quarter valued at $375,000. J.W. Cole Advisors Inc. raised its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 8.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,435 shares of the company’s stock valued at $679,000 after acquiring an additional 363 shares during the last quarter. Finally, Financial Management Professionals Inc. raised its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 3.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 27,205 shares of the company’s stock valued at $4,162,000 after acquiring an additional 809 shares during the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Industrials Momentum ETF stock opened at $177.44 on Friday. The firm has a fifty day moving average of $159.74 and a two-hundred day moving average of $145.52. The stock has a market capitalization of $393.92 million, a price-to-earnings ratio of 29.37 and a beta of 1.07. Invesco Dorsey Wright Industrials Momentum ETF has a 52 week low of $106.20 and a 52 week high of $177.73.

Invesco Dorsey Wright Industrials Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a $0.243 dividend. The ex-dividend date was Monday, September 23rd. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.55%. This is a boost from Invesco Dorsey Wright Industrials Momentum ETF’s previous quarterly dividend of $0.03.

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.