Financial Management Professionals Inc. Acquires Shares of 28,474 Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI)

Financial Management Professionals Inc. acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 28,474 shares of the company’s stock, valued at approximately $1,102,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the second quarter worth approximately $962,000. Private Advisor Group LLC bought a new position in Invesco Dorsey Wright Utilities Momentum ETF in the third quarter worth approximately $219,000. Finally, ROI Financial Advisors LLC grew its stake in Invesco Dorsey Wright Utilities Momentum ETF by 1.2% in the third quarter. ROI Financial Advisors LLC now owns 43,407 shares of the company’s stock worth $1,756,000 after purchasing an additional 497 shares in the last quarter.

Invesco Dorsey Wright Utilities Momentum ETF Stock Up 0.2 %

Shares of NASDAQ:PUI opened at $40.56 on Friday. Invesco Dorsey Wright Utilities Momentum ETF has a 52-week low of $30.23 and a 52-week high of $42.78. The stock has a market cap of $43.80 million, a P/E ratio of 20.82 and a beta of 0.60. The business’s 50 day moving average is $40.20 and its 200 day moving average is $38.89.

Invesco Dorsey Wright Utilities Momentum ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.201 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco Dorsey Wright Utilities Momentum ETF Company 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).