Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Stock Passes Above Fifty Day Moving Average – What’s Next?

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $210.54 and traded as high as $246.55. Invesco Dorsey Wright Industrials Momentum ETF shares last traded at $245.38, with a volume of 25,471 shares changing hands.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

The company has a 50 day moving average of $210.54 and a two-hundred day moving average of $193.87. The stock has a market capitalization of $424.51 million, a PE ratio of 28.33 and a beta of 1.28.

Institutional Investors Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

Institutional investors have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. boosted its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 32.3% in the fourth quarter. Stratos Wealth Partners LTD. now owns 16,764 shares of the company’s stock worth $2,927,000 after acquiring an additional 4,097 shares in the last quarter. Paller Financial Services Inc acquired a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the fourth quarter worth about $3,489,000. Genesee Capital Advisors LLC boosted its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 90.5% in the fourth quarter. Genesee Capital Advisors LLC now owns 5,836 shares of the company’s stock worth $1,019,000 after acquiring an additional 2,772 shares in the last quarter. Trueblood Wealth Management LLC boosted its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 4.8% in the fourth quarter. Trueblood Wealth Management LLC now owns 3,288 shares of the company’s stock worth $574,000 after acquiring an additional 150 shares in the last quarter. Finally, Optiver Holding B.V. acquired a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the third quarter worth about $317,000.

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.