Cambridge Investment Research Advisors Inc. Cuts Stake in Invesco DWA Industrials Momentum ETF (NASDAQ:PRN)

Cambridge Investment Research Advisors Inc. lessened its position in shares of Invesco DWA Industrials Momentum ETF (NASDAQ:PRNGet Rating) by 44.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,499 shares of the company’s stock after selling 5,100 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.47% of Invesco DWA Industrials Momentum ETF worth $561,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PRN. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Invesco DWA Industrials Momentum ETF by 21.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,451 shares of the company’s stock worth $734,000 after purchasing an additional 1,305 shares during the last quarter. Cetera Advisor Networks LLC acquired a new position in Invesco DWA Industrials Momentum ETF in the first quarter worth $334,000. Centaurus Financial Inc. acquired a new position in Invesco DWA Industrials Momentum ETF in the first quarter worth $282,000. Royal Bank of Canada boosted its holdings in shares of Invesco DWA Industrials Momentum ETF by 541.1% during the first quarter. Royal Bank of Canada now owns 42,163 shares of the company’s stock valued at $4,155,000 after acquiring an additional 35,586 shares during the period. Finally, Advisory Services Network LLC boosted its holdings in shares of Invesco DWA Industrials Momentum ETF by 53.7% during the first quarter. Advisory Services Network LLC now owns 2,683 shares of the company’s stock valued at $264,000 after acquiring an additional 937 shares during the period.

Invesco DWA Industrials Momentum ETF Stock Down 0.8 %

Shares of PRN opened at $93.84 on Thursday. Invesco DWA Industrials Momentum ETF has a 52-week low of $78.72 and a 52-week high of $98.47. The firm has a market capitalization of $127.62 million, a PE ratio of 12.58 and a beta of 1.07. The firm has a 50-day moving average price of $93.36 and a 200 day moving average price of $91.99.

Invesco DWA Industrials Momentum ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Tuesday, March 21st were given a $0.206 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Monday, March 20th.

Invesco DWA Industrials Momentum ETF Company 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.

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Institutional Ownership by Quarter for Invesco DWA Industrials Momentum ETF (NASDAQ:PRN)

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