Sunbelt Securities Inc. Lowers Stake in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI)

Sunbelt Securities Inc. lessened its position in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) by 52.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,276 shares of the company’s stock after selling 14,355 shares during the period. Sunbelt Securities Inc. owned about 0.97% of Invesco Dorsey Wright Utilities Momentum ETF worth $537,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PUI. ROI Financial Advisors LLC grew its stake in Invesco Dorsey Wright Utilities Momentum ETF by 1.2% in the 3rd quarter. ROI Financial Advisors LLC now owns 43,407 shares of the company’s stock worth $1,756,000 after acquiring an additional 497 shares during the period. Capital Advisors Ltd. LLC grew its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 1.6% in the second quarter. Capital Advisors Ltd. LLC now owns 17,705 shares of the company’s stock valued at $616,000 after purchasing an additional 279 shares during the period. Finally, Private Advisor Group LLC acquired a new position in Invesco Dorsey Wright Utilities Momentum ETF in the third quarter valued at $219,000.

Invesco Dorsey Wright Utilities Momentum ETF Trading Down 0.1 %

NASDAQ PUI opened at $39.97 on Friday. The business’s 50-day moving average price is $40.62 and its 200 day moving average price is $38.16. Invesco Dorsey Wright Utilities Momentum ETF has a twelve month low of $30.23 and a twelve month high of $42.78. The company has a market capitalization of $54.75 million, a PE ratio of 20.82 and a beta of 0.60.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a $0.23 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This is a boost from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.30%.

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).