HighTower Advisors LLC Has $3.45 Million Stock Position in Invesco Dorsey Wright Industrials Momentum ETF $PRN

HighTower Advisors LLC trimmed its position in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) by 86.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,739 shares of the company’s stock after selling 128,611 shares during the period. HighTower Advisors LLC’s holdings in Invesco Dorsey Wright Industrials Momentum ETF were worth $3,446,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stratos Wealth Partners LTD. boosted its holdings in shares of 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 buying an additional 4,097 shares during the period. Paller Financial Services Inc acquired a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter worth approximately $3,489,000. Genesee Capital Advisors LLC boosted its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 90.5% during the fourth quarter. Genesee Capital Advisors LLC now owns 5,836 shares of the company’s stock worth $1,019,000 after purchasing an additional 2,772 shares during the period. AlphaCore Capital LLC bought a new position in Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter valued at approximately $1,279,000. Finally, JPMorgan Chase & Co. raised its position in Invesco Dorsey Wright Industrials Momentum ETF by 9.0% during the third quarter. JPMorgan Chase & Co. now owns 1,150 shares of the company’s stock valued at $199,000 after acquiring an additional 95 shares in the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

Shares of PRN opened at $245.48 on Friday. Invesco Dorsey Wright Industrials Momentum ETF has a twelve month low of $146.20 and a twelve month high of $249.94. The firm has a market cap of $424.68 million, a PE ratio of 28.33 and a beta of 1.28. The firm’s 50 day moving average price is $222.19 and its 200 day moving average price is $199.68.

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.