Invesco DWA Energy Momentum ETF (NASDAQ:PXI) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its position in shares of Invesco DWA Energy Momentum ETF (NASDAQ:PXI – Get Rating) by 1.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 79,785 shares of the company’s stock after acquiring an additional 946 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Invesco DWA Energy Momentum ETF were worth $3,449,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its holdings in Invesco DWA Energy Momentum ETF by 6.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,896 shares of the company’s stock worth $341,000 after acquiring an additional 469 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Invesco DWA Energy Momentum ETF by 10.1% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,939 shares of the company’s stock worth $343,000 after acquiring an additional 729 shares in the last quarter. Genesee Capital Advisors LLC grew its holdings in Invesco DWA Energy Momentum ETF by 2.8% during the 4th quarter. Genesee Capital Advisors LLC now owns 33,700 shares of the company’s stock worth $1,457,000 after acquiring an additional 926 shares in the last quarter. Prospera Financial Services Inc grew its holdings in Invesco DWA Energy Momentum ETF by 3.8% during the 4th quarter. Prospera Financial Services Inc now owns 25,688 shares of the company’s stock worth $1,111,000 after acquiring an additional 931 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Invesco DWA Energy Momentum ETF by 5.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 19,081 shares of the company’s stock worth $729,000 after acquiring an additional 975 shares in the last quarter.

Invesco DWA Energy Momentum ETF Price Performance

Shares of PXI stock opened at $37.07 on Monday. The firm has a market cap of $91.19 million, a P/E ratio of 8.87 and a beta of 1.68. Invesco DWA Energy Momentum ETF has a 1-year low of $33.65 and a 1-year high of $53.05. The firm has a fifty day moving average of $39.00 and a two-hundred day moving average of $40.79.

Invesco DWA Energy Momentum ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Tuesday, March 21st were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Monday, March 20th.

Invesco DWA Energy Momentum ETF Profile

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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.