Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Shares Up 0.3% – What’s Next?

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI)’s stock price rose 0.3% during trading on Wednesday. The company traded as high as $43.24 and last traded at $43.23. 5,633 shares were traded during trading, a decline of 48% from the average daily volume of 10,860 shares. The stock had previously closed at $43.08.

Invesco Dorsey Wright Utilities Momentum ETF Price Performance

The company has a market capitalization of $50.31 million, a P/E ratio of 20.63 and a beta of 0.62. The stock’s 50 day simple moving average is $43.26 and its two-hundred day simple moving average is $45.63.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in Invesco Dorsey Wright Utilities Momentum ETF by 612.6% in the 1st quarter. Royal Bank of Canada now owns 15,842 shares of the company’s stock valued at $745,000 after buying an additional 13,619 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the second quarter worth $505,000. Western Wealth Management LLC bought a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF during the first quarter worth $344,000. Ameritas Advisory Services LLC acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the second quarter valued at $270,000. Finally, Integrated Wealth Concepts LLC bought a new position in Invesco Dorsey Wright Utilities Momentum ETF in the second quarter valued at about $241,000.

Invesco Dorsey Wright Utilities Momentum ETF Company Profile

PowerShares Dynamic Utilities Portfolio (Fund) is based on the Dynamic Utilities Intellidex Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Utilities Intellidex Index (Index). The Fund normally invests at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as consumer discretionary, information technology, telecommunication services and utilities.