Janney Montgomery Scott LLC Grows Position in Invesco Dorsey Wright Energy Momentum ETF $PXI

Janney Montgomery Scott LLC grew its position in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) by 1,909.3% during the first quarter, HoldingsChannel.com reports. The fund owned 110,613 shares of the company’s stock after acquiring an additional 105,108 shares during the quarter. Janney Montgomery Scott LLC owned about 0.08% of Invesco Dorsey Wright Energy Momentum ETF worth $6,587,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. IHT Wealth Management LLC bought a new position in shares of Invesco Dorsey Wright Energy Momentum ETF during the 4th quarter valued at approximately $976,000. Sunbelt Securities Inc. purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF during the third quarter valued at $458,000. Silver Oak Securities Incorporated purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF during the first quarter valued at $355,000. Tower Research Capital LLC TRC lifted its position in Invesco Dorsey Wright Energy Momentum ETF by 49.5% during the second quarter. Tower Research Capital LLC TRC now owns 13,374 shares of the company’s stock valued at $577,000 after purchasing an additional 4,431 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new position in Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter valued at $126,000.

Invesco Dorsey Wright Energy Momentum ETF Stock Down 0.1%

Shares of NASDAQ:PXI opened at $54.08 on Friday. Invesco Dorsey Wright Energy Momentum ETF has a 52 week low of $40.88 and a 52 week high of $62.36. The firm has a fifty day simple moving average of $57.98 and a two-hundred day simple moving average of $54.39. The stock has a market capitalization of $71.39 million, a P/E ratio of 17.22 and a beta of 0.61.

Invesco Dorsey Wright Energy Momentum ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.1822 per share. This represents a $0.73 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, June 22nd.

About Invesco Dorsey Wright Energy Momentum ETF

PowerShares Dynamic Energy Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as energy, materials and utilities. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.