RPS Advisory Solutions LLC Makes New Investment in Invesco Dorsey Wright Utilities Momentum ETF $PUI

RPS Advisory Solutions LLC acquired a new position in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,603 shares of the company’s stock, valued at approximately $506,000. RPS Advisory Solutions LLC owned 1.05% of Invesco Dorsey Wright Utilities Momentum ETF at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. IMC Chicago LLC lifted its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 6.2% in the 4th quarter. IMC Chicago LLC now owns 25,852 shares of the company’s stock worth $1,127,000 after acquiring an additional 1,519 shares during the period. Fifth Third Securities Inc. lifted its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 5.9% in the 4th quarter. Fifth Third Securities Inc. now owns 17,031 shares of the company’s stock worth $742,000 after acquiring an additional 956 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Invesco Dorsey Wright Utilities Momentum ETF by 49.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 13,699 shares of the company’s stock worth $624,000 after acquiring an additional 4,542 shares during the period. Susquehanna International Group LLP bought a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 3rd quarter worth approximately $440,000. Finally, Advisory Services Network LLC bought a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter worth approximately $398,000.

Invesco Dorsey Wright Utilities Momentum ETF Trading Up 0.6%

Shares of PUI stock opened at $46.39 on Wednesday. The company has a market capitalization of $75.62 million, a P/E ratio of 20.63 and a beta of 0.67. Invesco Dorsey Wright Utilities Momentum ETF has a 12 month low of $40.88 and a 12 month high of $49.30. The stock has a 50 day moving average of $47.36 and a two-hundred day moving average of $46.05.

Invesco Dorsey Wright Utilities Momentum ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.2594 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.04 annualized dividend and a yield of 2.2%. This is a positive change from Invesco Dorsey Wright Utilities Momentum ETF’s previous quarterly dividend of $0.25.

Invesco Dorsey Wright 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). 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.