LPL Financial LLC Has $2.48 Million Stake in Invesco DWA Industrials Momentum ETF (NASDAQ:PRN)

LPL Financial LLC reduced its position in shares of Invesco DWA Industrials Momentum ETF (NASDAQ:PRN – Get Rating) by 28.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,712 shares of the company’s stock after selling 11,439 shares during the period. LPL Financial LLC owned about 2.08% of Invesco DWA Industrials Momentum ETF worth $2,480,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Royal Bank of Canada raised its stake in Invesco DWA Industrials Momentum ETF by 541.1% in the first quarter. Royal Bank of Canada now owns 42,163 shares of the company’s stock valued at $4,155,000 after buying an additional 35,586 shares during the period. Citadel Advisors LLC bought a new stake in Invesco DWA Industrials Momentum ETF in the third quarter valued at approximately $770,000. UBS Group AG raised its stake in Invesco DWA Industrials Momentum ETF by 25.4% in the third quarter. UBS Group AG now owns 18,515 shares of the company’s stock valued at $1,516,000 after buying an additional 3,755 shares during the period. Cetera Advisor Networks LLC bought a new stake in Invesco DWA Industrials Momentum ETF in the first quarter valued at approximately $334,000. Finally, Centaurus Financial Inc. bought a new position in shares of Invesco DWA Industrials Momentum ETF during the first quarter worth approximately $282,000.

Invesco DWA Industrials Momentum ETF Trading Down 0.4 %

Shares of NASDAQ PRN opened at $96.17 on Monday. The firm has a market cap of $130.79 million, a P/E ratio of 12.58 and a beta of 1.07. Invesco DWA Industrials Momentum ETF has a 1-year low of $78.72 and a 1-year high of $98.47. The business’s 50 day moving average is $93.18 and its 200-day moving average is $91.84.

Invesco DWA Industrials Momentum ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Tuesday, March 21st were paid a dividend of $0.206 per share. The ex-dividend date of this dividend was Monday, March 20th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.86%.

Invesco DWA Industrials Momentum ETF Profile

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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.