Transamerica Financial Advisors Inc. Boosts Stock Holdings in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN)

Transamerica Financial Advisors Inc. increased its stake in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,640 shares of the company’s stock after buying an additional 4,561 shares during the period. Invesco Dorsey Wright Industrials Momentum ETF accounts for about 1.8% of Transamerica Financial Advisors Inc.’s portfolio, making the stock its 7th largest position. Transamerica Financial Advisors Inc. owned 4.69% of Invesco Dorsey Wright Industrials Momentum ETF worth $18,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC increased its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 20.5% during the fourth quarter. LPL Financial LLC now owns 99,755 shares of the company’s stock worth $15,338,000 after acquiring an additional 16,967 shares during the period. GWN Securities Inc. bought a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF in the fourth quarter valued at about $947,000. Avantax Advisory Services Inc. lifted its stake in 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 worth $1,024,000 after acquiring an additional 123 shares during the period. HighTower Advisors LLC increased its position in Invesco Dorsey Wright Industrials Momentum ETF by 13.2% during the 4th quarter. HighTower Advisors LLC now owns 142,526 shares of the company’s stock valued at $21,915,000 after purchasing an additional 16,663 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter valued at approximately $14,844,000.

Invesco Dorsey Wright Industrials Momentum ETF Price Performance

Shares of NASDAQ PRN opened at $137.79 on Friday. The business has a fifty day moving average price of $150.15 and a 200 day moving average price of $156.93. Invesco Dorsey Wright Industrials Momentum ETF has a 1-year low of $126.68 and a 1-year high of $180.08. The stock has a market capitalization of $345.85 million, a P/E ratio of 26.47 and a beta of 1.07.

Invesco Dorsey Wright Industrials Momentum ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.006 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.