Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Stock Price Down 1% – What’s Next?

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI)’s stock price dropped 1% during mid-day trading on Monday . The stock traded as low as $44.40 and last traded at $44.40. Approximately 5,086 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 14,027 shares. The stock had previously closed at $44.83.

Invesco Dorsey Wright Utilities Momentum ETF Price Performance

The stock has a fifty day moving average of $46.37 and a 200 day moving average of $44.18. The stock has a market cap of $50.62 million, a price-to-earnings ratio of 20.63 and a beta of 0.66.

Invesco Dorsey Wright Utilities Momentum ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a $0.2162 dividend. The ex-dividend date was Monday, September 22nd. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.9%.

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

Several hedge funds have recently added to or reduced their stakes in PUI. Transamerica Financial Advisors LLC grew its position in Invesco Dorsey Wright Utilities Momentum ETF by 124,900.8% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 330,002 shares of the company’s stock worth $13,804,000 after purchasing an additional 329,738 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the second quarter worth about $4,768,000. Silver Oak Securities Incorporated purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the second quarter worth about $2,476,000. ROI Financial Advisors LLC grew its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 3.0% during the second quarter. ROI Financial Advisors LLC now owns 45,084 shares of the company’s stock worth $1,886,000 after acquiring an additional 1,297 shares during the period. Finally, IMC Chicago LLC purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF during the third quarter valued at approximately $1,118,000.

About Invesco Dorsey Wright Utilities Momentum ETF

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).