Invesco Dorsey Wright Utilities Momentum ETF $PUI Stake Increased by Transamerica Financial Advisors LLC

Transamerica Financial Advisors LLC raised its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) by 124,900.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 330,002 shares of the company’s stock after acquiring an additional 329,738 shares during the quarter. Invesco Dorsey Wright Utilities Momentum ETF makes up 1.3% of Transamerica Financial Advisors LLC’s portfolio, making the stock its 13th biggest position. Transamerica Financial Advisors LLC owned 0.19% of Invesco Dorsey Wright Utilities Momentum ETF worth $13,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in PUI. Silver Oak Securities Incorporated bought a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter worth about $2,476,000. Janney Montgomery Scott LLC bought a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the second quarter worth about $4,768,000. SPC Financial Inc. acquired a new position in Invesco Dorsey Wright Utilities Momentum ETF in the second quarter worth about $994,000. ROI Financial Advisors LLC grew its stake in Invesco Dorsey Wright Utilities Momentum ETF by 3.0% in the second quarter. ROI Financial Advisors LLC now owns 45,084 shares of the company’s stock worth $1,886,000 after purchasing an additional 1,297 shares in the last quarter. Finally, Advisors Capital Management LLC bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the second quarter valued at about $211,000.

Invesco Dorsey Wright Utilities Momentum ETF Stock Up 0.6%

Shares of NASDAQ PUI opened at $44.95 on Friday. The stock’s 50 day moving average price is $46.28 and its two-hundred day moving average price is $44.21. Invesco Dorsey Wright Utilities Momentum ETF has a 52-week low of $36.90 and a 52-week high of $49.30. The stock has a market capitalization of $51.24 million, a P/E ratio of 20.63 and a beta of 0.66.

Invesco Dorsey Wright Utilities Momentum ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a dividend of $0.2162 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, September 22nd.

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).