Invesco Dorsey Wright Energy Momentum ETF $PXI Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lessened its stake in shares of Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) by 13.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,597 shares of the company’s stock after selling 2,080 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Invesco Dorsey Wright Energy Momentum ETF were worth $586,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Advantage Trust Co acquired a new position in Invesco Dorsey Wright Energy Momentum ETF in the 2nd quarter valued at $26,000. Trueblood Wealth Management LLC lifted its stake in shares of Invesco Dorsey Wright Energy Momentum ETF by 13.2% in the 2nd quarter. Trueblood Wealth Management LLC now owns 9,763 shares of the company’s stock worth $421,000 after acquiring an additional 1,140 shares during the period. Finally, Clear Creek Financial Management LLC acquired a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the 2nd quarter worth $2,577,000.

Invesco Dorsey Wright Energy Momentum ETF Stock Down 2.3%

Shares of Invesco Dorsey Wright Energy Momentum ETF stock opened at $45.53 on Friday. Invesco Dorsey Wright Energy Momentum ETF has a 52-week low of $34.54 and a 52-week high of $51.97. The company’s 50-day simple moving average is $46.70 and its 200-day simple moving average is $44.08. The firm has a market cap of $42.80 million, a price-to-earnings ratio of 17.22 and a beta of 0.93.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a $0.2238 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.90 dividend on an annualized basis and a yield of 2.0%. This is a boost from Invesco Dorsey Wright Energy Momentum ETF’s previous quarterly dividend of $0.21.

Invesco Dorsey Wright Energy Momentum ETF Profile

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.