Paller Financial Services Inc Invests $3.49 Million in Invesco Dorsey Wright Industrials Momentum ETF $PRN

Paller Financial Services Inc acquired a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,987 shares of the company’s stock, valued at approximately $3,489,000. Invesco Dorsey Wright Industrials Momentum ETF accounts for 2.8% of Paller Financial Services Inc’s portfolio, making the stock its 14th largest position.

Several other institutional investors have also added to or reduced their stakes in PRN. Providence Capital Advisors LLC acquired a new position in Invesco Dorsey Wright Industrials Momentum ETF in the 3rd quarter worth $25,000. Cullen Frost Bankers Inc. bought a new position in Invesco Dorsey Wright Industrials Momentum ETF during the 3rd quarter worth about $38,000. Geneos Wealth Management Inc. raised its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 187.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,005 shares of the company’s stock valued at $158,000 after purchasing an additional 655 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,150 shares of the company’s stock valued at $199,000 after purchasing an additional 95 shares during the period. Finally, Wellington Shields & Co. LLC lifted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 22.6% in the third quarter. Wellington Shields & Co. LLC now owns 1,784 shares of the company’s stock valued at $308,000 after purchasing an additional 329 shares in the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Price Performance

PRN stock opened at $194.53 on Wednesday. The stock has a market capitalization of $330.70 million, a P/E ratio of 28.33 and a beta of 1.23. The business has a 50-day moving average of $200.19 and a 200-day moving average of $184.76. Invesco Dorsey Wright Industrials Momentum ETF has a fifty-two week low of $118.25 and a fifty-two week high of $215.78.

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.