Transamerica Financial Advisors Inc. Cuts Stock Holdings in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI)

Transamerica Financial Advisors Inc. lowered its stake in shares of Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) by 20.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,711 shares of the company’s stock after selling 434 shares during the quarter. Transamerica Financial Advisors Inc. owned 0.11% of Invesco Dorsey Wright Energy Momentum ETF worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Private Advisor Group LLC increased its holdings in Invesco Dorsey Wright Energy Momentum ETF by 9.3% in the third quarter. Private Advisor Group LLC now owns 5,867 shares of the company’s stock valued at $253,000 after buying an additional 500 shares during the last quarter. One Plus One Wealth Management LLC increased its holdings in Invesco Dorsey Wright Energy Momentum ETF by 3.0% in the third quarter. One Plus One Wealth Management LLC now owns 96,693 shares of the company’s stock valued at $4,171,000 after buying an additional 2,799 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Invesco Dorsey Wright Energy Momentum ETF in the second quarter valued at $157,000. Finally, Sanctuary Advisors LLC purchased a new position in Invesco Dorsey Wright Energy Momentum ETF in the second quarter valued at $253,000.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

NASDAQ:PXI opened at $50.23 on Thursday. The firm has a market capitalization of $74.85 million, a PE ratio of 7.40 and a beta of 1.68. The business’s fifty day moving average price is $45.83 and its 200 day moving average price is $46.15. Invesco Dorsey Wright Energy Momentum ETF has a 12 month low of $40.32 and a 12 month high of $51.97.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.218 dividend. This represents a $0.87 annualized dividend and a yield of 1.74%. The ex-dividend date was Monday, September 23rd. This is an increase from Invesco Dorsey Wright Energy Momentum ETF’s previous quarterly dividend of $0.19.

Invesco Dorsey Wright Energy Momentum ETF Company Profile

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.