Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $199.88 and traded as high as $200.12. Invesco Dorsey Wright Industrials Momentum ETF shares last traded at $192.72, with a volume of 35,332 shares trading hands.

Invesco Dorsey Wright Industrials Momentum ETF Stock Down 2.0%

The stock has a market capitalization of $327.62 million, a P/E ratio of 28.33 and a beta of 1.23. The stock has a 50 day simple moving average of $199.88 and a two-hundred day simple moving average of $183.08.

Hedge Funds Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

A number of institutional investors have recently added to or reduced their stakes in PRN. Cetera Investment Advisers grew its position in shares of Invesco Dorsey Wright Industrials Momentum ETF by 6.4% in the 2nd quarter. Cetera Investment Advisers now owns 9,361 shares of the company’s stock valued at $1,470,000 after acquiring an additional 561 shares during the period. J.W. Cole Advisors Inc. lifted its stake in Invesco Dorsey Wright Industrials Momentum ETF by 5.6% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 5,028 shares of the company’s stock valued at $790,000 after purchasing an additional 268 shares during the last quarter. StoneX Group Inc. grew its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 4.9% during the second quarter. StoneX Group Inc. now owns 16,421 shares of the company’s stock worth $2,579,000 after purchasing an additional 764 shares during the period. Tower Research Capital LLC TRC grew its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 267.5% during the second quarter. Tower Research Capital LLC TRC now owns 8,023 shares of the company’s stock worth $1,260,000 after purchasing an additional 5,840 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in Invesco Dorsey Wright Industrials Momentum ETF by 187.1% during the second quarter. Geneos Wealth Management Inc. now owns 1,005 shares of the company’s stock worth $158,000 after buying an additional 655 shares during the last quarter.

About Invesco Dorsey Wright Industrials Momentum ETF

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.