Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Stock Price Down 0.2% – Here’s What Happened

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI)’s stock price was down 0.2% during trading on Monday . The stock traded as low as $46.08 and last traded at $46.21. Approximately 3,541 shares changed hands during trading, a decline of 73% from the average session volume of 12,889 shares. The stock had previously closed at $46.32.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

The company has a market cap of $55.45 million, a price-to-earnings ratio of 20.63 and a beta of 0.64. The stock’s fifty day moving average is $46.59 and its two-hundred day moving average is $46.89.

Invesco Dorsey Wright Utilities Momentum ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.2094 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.84 annualized dividend and a dividend yield of 1.8%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. LPL Financial LLC grew its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 2.8% during the fourth quarter. LPL Financial LLC now owns 103,157 shares of the company’s stock worth $4,496,000 after buying an additional 2,816 shares in the last quarter. ROI Financial Advisors LLC boosted its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 3.0% during the 1st quarter. ROI Financial Advisors LLC now owns 44,744 shares of the company’s stock worth $2,103,000 after acquiring an additional 1,308 shares during the last quarter. IMC Chicago LLC boosted its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 6.2% during the 4th quarter. IMC Chicago LLC now owns 25,852 shares of the company’s stock worth $1,127,000 after acquiring an additional 1,519 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 612.6% in the 1st quarter. Royal Bank of Canada now owns 15,842 shares of the company’s stock worth $745,000 after acquiring an additional 13,619 shares in the last quarter. Finally, RPS Advisory Solutions LLC bought a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 4th quarter worth $506,000.

Invesco Dorsey Wright Utilities Momentum ETF Company Profile

PowerShares Dynamic Utilities Portfolio (Fund) is based on the Dynamic Utilities Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Utilities Intellidex Index (Index). The Fund normally invests at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as consumer discretionary, information technology, telecommunication services and utilities.