Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $159.34 and traded as low as $154.52. Invesco Dorsey Wright Industrials Momentum ETF shares last traded at $156.26, with a volume of 54,625 shares trading hands.

Invesco Dorsey Wright Industrials Momentum ETF Stock Down 1.1 %

The firm has a 50-day moving average price of $158.89 and a 200 day moving average price of $156.53. The firm has a market capitalization of $390.81 million, a PE ratio of 29.37 and a beta of 1.07.

Invesco Dorsey Wright Industrials Momentum ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PRN. FMR LLC boosted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 17.1% in the 3rd quarter. FMR LLC now owns 404 shares of the company’s stock valued at $62,000 after buying an additional 59 shares in the last quarter. Larson Financial Group LLC lifted its position in Invesco Dorsey Wright Industrials Momentum ETF by 5.1% during the 3rd quarter. Larson Financial Group LLC now owns 1,964 shares of the company’s stock worth $300,000 after acquiring an additional 95 shares during the period. MGB Wealth Management LLC grew its stake in shares of Invesco Dorsey Wright Industrials Momentum ETF by 12.9% in the 3rd quarter. MGB Wealth Management LLC now owns 875 shares of the company’s stock valued at $134,000 after purchasing an additional 100 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 0.9% in the fourth quarter. Private Advisor Group LLC now owns 12,615 shares of the company’s stock valued at $1,940,000 after purchasing an additional 107 shares during the period. Finally, Avantax Advisory Services Inc. boosted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 1.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 6,658 shares of the company’s stock valued at $1,024,000 after acquiring an additional 123 shares in the last quarter.

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.