Raymond James & Associates Purchases 2,949 Shares of Invesco DWA Energy Momentum ETF (NASDAQ:PXI)

Raymond James & Associates increased its position in shares of Invesco DWA Energy Momentum ETF (NASDAQ:PXI – Get Rating) by 4.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,440 shares of the company’s stock after acquiring an additional 2,949 shares during the period. Raymond James & Associates’ holdings in Invesco DWA Energy Momentum ETF were worth $2,531,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PXI. Brown Brothers Harriman & Co. acquired a new position in shares of Invesco DWA Energy Momentum ETF in the 1st quarter valued at about $43,000. Captrust Financial Advisors acquired a new position in shares of Invesco DWA Energy Momentum ETF in the 1st quarter valued at about $53,000. Quantitative Advantage LLC acquired a new position in shares of Invesco DWA Energy Momentum ETF in the 2nd quarter valued at about $202,000. Stratos Wealth Advisors LLC acquired a new position in shares of Invesco DWA Energy Momentum ETF in the 2nd quarter valued at about $236,000. Finally, SFG Wealth Management LLC. acquired a new position in shares of Invesco DWA Energy Momentum ETF in the 3rd quarter valued at about $268,000.

Invesco DWA Energy Momentum ETF Price Performance

Shares of NASDAQ:PXI opened at $45.08 on Friday. The business’s 50-day moving average is $44.81 and its 200-day moving average is $43.66. Invesco DWA Energy Momentum ETF has a 1 year low of $30.59 and a 1 year high of $53.05.

Invesco DWA Energy Momentum ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Tuesday, December 20th were paid a dividend of $0.598 per share. This is an increase from Invesco DWA Energy Momentum ETF’s previous quarterly dividend of $0.45. This represents a $2.39 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend was Monday, December 19th.

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.