Financial Management Professionals Inc. Makes New Investment in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI)

Financial Management Professionals Inc. purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 28,474 shares of the company’s stock, valued at approximately $1,102,000. Financial Management Professionals Inc. owned 2.45% of Invesco Dorsey Wright Utilities Momentum ETF at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. ROI Financial Advisors LLC increased 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 purchasing an additional 497 shares during the period. Private Advisor Group LLC purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF in the 3rd quarter worth approximately $219,000. Finally, Sunbelt Securities Inc. purchased a new position in Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter worth approximately $962,000.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Shares of PUI stock opened at $40.56 on Friday. The firm has a market cap of $43.80 million, a P/E ratio of 20.82 and a beta of 0.60. Invesco Dorsey Wright Utilities Momentum ETF has a fifty-two week low of $30.23 and a fifty-two week high of $42.78. The business’s 50 day moving average price is $40.20 and its 200-day moving average price is $38.89.

Invesco Dorsey Wright Utilities Momentum ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a $0.201 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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).