Schmidt P J Investment Management Inc. Buys New Position in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

Schmidt P J Investment Management Inc. purchased a new position in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,030 shares of the company’s stock, valued at approximately $312,000. Schmidt P J Investment Management Inc. owned 0.08% of Invesco Dorsey Wright Industrials Momentum ETF as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PRN. HighTower Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 3rd quarter valued at about $19,248,000. Financial Management Professionals Inc. boosted its position in Invesco Dorsey Wright Industrials Momentum ETF by 3.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 27,205 shares of the company’s stock valued at $4,162,000 after acquiring an additional 809 shares in the last quarter. Raymond James & Associates raised its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 698.9% in the 3rd quarter. Raymond James & Associates now owns 25,228 shares of the company’s stock worth $3,860,000 after acquiring an additional 22,070 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 217.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,080 shares of the company’s stock valued at $2,793,000 after purchasing an additional 12,380 shares during the period. Finally, Stifel Financial Corp bought a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the third quarter valued at approximately $2,694,000.

Invesco Dorsey Wright Industrials Momentum ETF Trading Up 1.8 %

PRN opened at $158.12 on Thursday. The stock has a fifty day simple moving average of $161.97 and a two-hundred day simple moving average of $155.23. The company has a market cap of $396.88 million, a price-to-earnings ratio of 29.37 and a beta of 1.07. Invesco Dorsey Wright Industrials Momentum ETF has a 12-month low of $123.48 and a 12-month high of $180.08.

Invesco Dorsey Wright Industrials Momentum ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.2497 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.