Financial Management Professionals Inc. Sells 2,255 Shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

Financial Management Professionals Inc. lowered its position in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 7.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,507 shares of the company’s stock after selling 2,255 shares during the quarter. Invesco Dorsey Wright Industrials Momentum ETF comprises approximately 0.5% of Financial Management Professionals Inc.’s portfolio, making the stock its 29th largest holding. Financial Management Professionals Inc. owned approximately 1.62% of Invesco Dorsey Wright Industrials Momentum ETF worth $3,699,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PRN. SMI Advisory Services LLC bought a new position in Invesco Dorsey Wright Industrials Momentum ETF in the first quarter valued at $4,472,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 21.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 12,266 shares of the company’s stock valued at $1,453,000 after buying an additional 2,134 shares during the last quarter. Stonebridge Financial Planning Group LLC grew its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 11.5% during the fourth quarter. Stonebridge Financial Planning Group LLC now owns 3,871 shares of the company’s stock valued at $458,000 after buying an additional 400 shares during the last quarter. Silver Oak Securities Incorporated grew its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 50.4% during the fourth quarter. Silver Oak Securities Incorporated now owns 14,211 shares of the company’s stock valued at $1,683,000 after buying an additional 4,760 shares during the last quarter. Finally, Unique Wealth Strategies LLC bought a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter valued at about $3,280,000.

Invesco Dorsey Wright Industrials Momentum ETF Trading Down 0.7 %

Shares of NASDAQ:PRN opened at $133.34 on Friday. The stock’s 50-day moving average price is $135.90 and its 200-day moving average price is $129.76. Invesco Dorsey Wright Industrials Momentum ETF has a 12-month low of $94.08 and a 12-month high of $142.46. The stock has a market capitalization of $222.68 million, a P/E ratio of 29.37 and a beta of 1.07.

Invesco Dorsey Wright Industrials Momentum ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were paid a dividend of $0.0286 per share. The ex-dividend date was Monday, June 24th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.09%.

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.