MGB Wealth Management LLC Has $134,000 Holdings in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

MGB Wealth Management LLC increased its stake in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 12.9% in the third quarter, Holdings Channel.com reports. The firm owned 875 shares of the company’s stock after purchasing an additional 100 shares during the quarter. MGB Wealth Management LLC’s holdings in Invesco Dorsey Wright Industrials Momentum ETF were worth $134,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 21.3% in the 2nd quarter. Private Advisor Group LLC now owns 8,958 shares of the company’s stock worth $1,194,000 after purchasing an additional 1,575 shares during the period. Sunbelt Securities Inc. boosted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 512.7% in the 2nd quarter. Sunbelt Securities Inc. now owns 3,425 shares of the company’s stock worth $457,000 after purchasing an additional 2,866 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 60.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 22,564 shares of the company’s stock worth $3,009,000 after purchasing an additional 8,490 shares during the period. Lynx Investment Advisory acquired a new position in Invesco Dorsey Wright Industrials Momentum ETF in the 2nd quarter worth $40,000. Finally, Cetera Investment Advisers boosted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 42.7% in the 2nd quarter. Cetera Investment Advisers now owns 8,632 shares of the company’s stock worth $1,151,000 after purchasing an additional 2,582 shares during the period.

Invesco Dorsey Wright Industrials Momentum ETF Price Performance

Invesco Dorsey Wright Industrials Momentum ETF stock opened at $177.44 on Friday. The firm has a 50-day moving average of $159.74 and a 200-day moving average of $145.52. Invesco Dorsey Wright Industrials Momentum ETF has a one year low of $106.20 and a one year high of $177.73. The company has a market cap of $393.92 million, a price-to-earnings ratio of 29.37 and a beta of 1.07.

Invesco Dorsey Wright Industrials Momentum ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.243 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 0.55%. This is an increase from Invesco Dorsey Wright Industrials Momentum ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Monday, September 23rd.

Invesco Dorsey Wright Industrials Momentum ETF Company Profile

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.