Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Trading Down 0.2% – Time to Sell?

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI)’s stock price fell 0.2% during trading on Monday . The company traded as low as $46.08 and last traded at $46.21. Approximately 3,541 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 12,889 shares. The stock had previously closed at $46.32.

Invesco Dorsey Wright Utilities Momentum ETF Stock Down 0.2%

The firm has a 50 day moving average of $46.59 and a 200 day moving average of $46.89. The firm has a market cap of $55.45 million, a PE ratio of 20.63 and a beta of 0.64.

Invesco Dorsey Wright Utilities Momentum ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.2094 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.84 annualized dividend and a dividend yield of 1.8%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PUI. Western Wealth Management LLC purchased a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the first quarter valued at about $344,000. Sunbelt Securities Inc. boosted its position in Invesco Dorsey Wright Utilities Momentum ETF by 1,659.7% during the first quarter. Sunbelt Securities Inc. now owns 2,622 shares of the company’s stock worth $123,000 after purchasing an additional 2,473 shares during the period. ROI Financial Advisors LLC increased its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 3.0% in the first quarter. ROI Financial Advisors LLC now owns 44,744 shares of the company’s stock worth $2,103,000 after purchasing an additional 1,308 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 612.6% in the first quarter. Royal Bank of Canada now owns 15,842 shares of the company’s stock worth $745,000 after purchasing an additional 13,619 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 513.7% in the first quarter. Parallel Advisors LLC now owns 3,130 shares of the company’s stock valued at $147,000 after purchasing an additional 2,620 shares during the period.

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). 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.