Cambridge Investment Research Advisors Inc. Decreases Stock Holdings in Invesco DWA Energy Momentum ETF (NASDAQ:PXI)

Cambridge Investment Research Advisors Inc. reduced its stake in shares of Invesco DWA Energy Momentum ETF (NASDAQ:PXIGet Rating) by 23.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,210 shares of the company’s stock after selling 2,266 shares during the quarter. Cambridge Investment Research Advisors Inc. owned approximately 0.15% of Invesco DWA Energy Momentum ETF worth $283,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Brown Brothers Harriman & Co. purchased a new stake in Invesco DWA Energy Momentum ETF in the first quarter valued at about $43,000. Captrust Financial Advisors purchased a new stake in Invesco DWA Energy Momentum ETF in the first quarter valued at about $53,000. Quantitative Advantage LLC purchased a new stake in Invesco DWA Energy Momentum ETF in the second quarter valued at about $202,000. Stratos Wealth Advisors LLC purchased a new stake in Invesco DWA Energy Momentum ETF in the second quarter valued at about $236,000. Finally, SFG Wealth Management LLC. purchased a new stake in Invesco DWA Energy Momentum ETF in the third quarter valued at about $268,000.

Invesco DWA Energy Momentum ETF Trading Up 0.7 %

Invesco DWA Energy Momentum ETF stock opened at $44.55 on Friday. The stock has a 50-day moving average of $45.24 and a two-hundred day moving average of $43.42. Invesco DWA Energy Momentum ETF has a one year low of $30.59 and a one year high of $53.05.

Invesco DWA Energy Momentum ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Tuesday, December 20th were issued a dividend of $0.598 per share. This is an increase from Invesco DWA Energy Momentum ETF’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, December 19th. This represents a $2.39 dividend on an annualized basis and a dividend yield of 5.37%.

About Invesco DWA Energy Momentum ETF

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PowerShares Dynamic Energy Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as energy, materials and utilities.

Further Reading

Institutional Ownership by Quarter for Invesco DWA Energy Momentum ETF (NASDAQ:PXI)

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