Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC trimmed its holdings in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 4.6% during the fourth quarter, HoldingsChannel reports. The firm owned 4,643 shares of the company’s stock after selling 224 shares during the period. Belpointe Asset Management LLC’s holdings in Invesco Dorsey Wright Industrials Momentum ETF were worth $675,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PRN. Raymond James Financial Inc. acquired a new stake in Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter worth about $14,844,000. Wells Fargo & Company MN grew its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 12.7% in the 4th quarter. Wells Fargo & Company MN now owns 174,696 shares of the company’s stock valued at $26,861,000 after buying an additional 19,735 shares during the period. Stifel Financial Corp acquired a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 3rd quarter worth approximately $2,694,000. LPL Financial LLC increased its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 20.5% during the 4th quarter. LPL Financial LLC now owns 99,755 shares of the company’s stock worth $15,338,000 after buying an additional 16,967 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 13.2% in the fourth quarter. HighTower Advisors LLC now owns 142,526 shares of the company’s stock valued at $21,915,000 after acquiring an additional 16,663 shares during the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Industrials Momentum ETF stock opened at $133.56 on Wednesday. The stock has a 50 day moving average of $141.92 and a 200 day moving average of $155.35. The firm has a market capitalization of $323.22 million, a price-to-earnings ratio of 27.06 and a beta of 1.07. Invesco Dorsey Wright Industrials Momentum ETF has a fifty-two week low of $118.25 and a fifty-two week high of $180.08.

Invesco Dorsey Wright Industrials Momentum ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.006 per share. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco Dorsey Wright Industrials Momentum ETF

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.