American Trust Has $1.56 Million Stock Position in Invesco Dorsey Wright Industrials Momentum ETF $PRN

American Trust reduced its stake in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 49.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 8,909 shares of the company’s stock after selling 8,751 shares during the period. American Trust’s holdings in Invesco Dorsey Wright Industrials Momentum ETF were worth $1,555,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 1.3% in the third quarter. HighTower Advisors LLC now owns 148,350 shares of the company’s stock valued at $25,630,000 after buying an additional 1,945 shares during the period. Envestnet Asset Management Inc. lifted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 0.7% in the third quarter. Envestnet Asset Management Inc. now owns 32,481 shares of the company’s stock valued at $5,612,000 after buying an additional 231 shares during the period. Private Advisor Group LLC lifted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 68.5% in the fourth quarter. Private Advisor Group LLC now owns 21,185 shares of the company’s stock valued at $3,698,000 after buying an additional 8,614 shares during the period. Paller Financial Services Inc acquired a new position in Invesco Dorsey Wright Industrials Momentum ETF in the fourth quarter valued at approximately $3,489,000. Finally, Stratos Wealth Partners LTD. lifted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 32.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 16,764 shares of the company’s stock valued at $2,927,000 after buying an additional 4,097 shares during the period.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

Shares of PRN opened at $250.65 on Thursday. Invesco Dorsey Wright Industrials Momentum ETF has a 52-week low of $149.42 and a 52-week high of $255.60. The business’s 50 day moving average price is $233.91 and its two-hundred day moving average price is $206.69. The firm has a market cap of $433.62 million, a PE ratio of 28.33 and a beta of 1.28.

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.