Royal Bank of Canada Has $745,000 Holdings in Invesco Dorsey Wright Utilities Momentum ETF $PUI

Royal Bank of Canada increased its stake in Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) by 612.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 15,842 shares of the company’s stock after purchasing an additional 13,619 shares during the quarter. Royal Bank of Canada’s holdings in Invesco Dorsey Wright Utilities Momentum ETF were worth $745,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PUI. RPS Advisory Solutions LLC bought a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the fourth quarter worth $506,000. NWF Advisory Services Inc. increased its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 84.4% during the 4th quarter. NWF Advisory Services Inc. now owns 9,237 shares of the company’s stock worth $403,000 after purchasing an additional 4,228 shares during the last quarter. Arax Advisory Partners acquired a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF during the 4th quarter worth about $65,000. ROI Financial Advisors LLC raised its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 1.7% in the 4th quarter. ROI Financial Advisors LLC now owns 43,436 shares of the company’s stock valued at $1,893,000 after purchasing an additional 735 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 2.8% in the 4th quarter. LPL Financial LLC now owns 103,157 shares of the company’s stock valued at $4,496,000 after purchasing an additional 2,816 shares during the period.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

Shares of NASDAQ:PUI opened at $44.54 on Monday. Invesco Dorsey Wright Utilities Momentum ETF has a 52-week low of $42.65 and a 52-week high of $49.30. The company has a market capitalization of $53.45 million, a P/E ratio of 20.63 and a beta of 0.64. The company has a 50-day simple moving average of $46.53 and a 200 day simple moving average of $46.91.

Invesco Dorsey Wright Utilities Momentum ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.2094 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.84 annualized dividend and a yield of 1.9%.

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). The Fund normally invests at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as consumer discretionary, information technology, telecommunication services and utilities.