Financial Management Professionals Inc. Makes New Investment in Invesco Dorsey Wright Industrials Momentum ETF $PRN

Financial Management Professionals Inc. acquired a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,682 shares of the company’s stock, valued at approximately $2,785,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dynamic Advisor Solutions LLC acquired a new position in Invesco Dorsey Wright Industrials Momentum ETF in the second quarter valued at $249,000. American Trust boosted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 1.4% in the 1st quarter. American Trust now owns 9,035 shares of the company’s stock worth $1,758,000 after buying an additional 126 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 30.8% in the 1st quarter. Kestra Advisory Services LLC now owns 6,134 shares of the company’s stock valued at $1,193,000 after buying an additional 1,444 shares during the period. Founders Financial Securities LLC purchased a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the 1st quarter valued at about $545,000. Finally, Sankala Group LLC acquired a new position in shares of Invesco Dorsey Wright Industrials Momentum ETF during the 4th quarter valued at about $83,000.

Invesco Dorsey Wright Industrials Momentum ETF Price Performance

Shares of PRN stock opened at $218.12 on Tuesday. The firm has a market cap of $420.97 million, a P/E ratio of 28.33 and a beta of 1.29. Invesco Dorsey Wright Industrials Momentum ETF has a 1-year low of $156.00 and a 1-year high of $262.73. The firm’s 50-day simple moving average is $234.69 and its 200-day simple moving average is $220.65.

Invesco Dorsey Wright Industrials Momentum ETF Profile

PowerShares Dynamic Industrials Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Industrials Sector Intellidex Index (the Index). The Index consists of stocks of 60 United States industrial companies. These are companies that are principally engaged in the business of providing industrial products and services, including engineering, heavy machinery, construction, electrical equipment, aerospace and defense, and general manufacturing.