Morgan Stanley Decreases Stake in Invesco DWA Utilities Momentum ETF (NASDAQ:PUI)


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Morgan Stanley cut its holdings in Invesco DWA Utilities Momentum ETF (NASDAQ:PUI) by 49.5% during the third quarter, Holdings Channel reports. The institutional investor owned 50,158 shares of the company’s stock after selling 49,236 shares during the quarter. Morgan Stanley’s holdings in Invesco DWA Utilities Momentum ETF were worth $1,479,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC boosted its position in Invesco DWA Utilities Momentum ETF by 66.7% during the third quarter. Private Advisor Group LLC now owns 41,774 shares of the company’s stock worth $1,231,000 after purchasing an additional 16,718 shares in the last quarter. LPL Financial LLC boosted its position in Invesco DWA Utilities Momentum ETF by 3.0% during the third quarter. LPL Financial LLC now owns 140,304 shares of the company’s stock worth $4,136,000 after purchasing an additional 4,139 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Invesco DWA Utilities Momentum ETF by 1.7% in the second quarter. Bank of America Corp DE now owns 39,211 shares of the company’s stock worth $1,148,000 after acquiring an additional 669 shares during the last quarter.

NASDAQ PUI opened at $31.94 on Thursday. Invesco DWA Utilities Momentum ETF has a fifty-two week low of $23.25 and a fifty-two week high of $37.71. The business has a fifty day moving average of $31.38 and a 200-day moving average of $31.61.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 31st. Stockholders of record on Tuesday, December 22nd were issued a $0.162 dividend. The ex-dividend date of this dividend was Monday, December 21st. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.03%.

Invesco DWA Utilities Momentum ETF 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).

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Institutional Ownership by Quarter for Invesco DWA Utilities Momentum ETF (NASDAQ:PUI)

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