Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Stock Price Up 0.6% – Should You Buy?

Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) shares shot up 0.6% on Friday . The stock traded as high as $47.27 and last traded at $47.15. 7,352 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 14,741 shares. The stock had previously closed at $46.86.

Invesco Dorsey Wright Utilities Momentum ETF Stock Up 0.6%

The stock’s 50-day moving average price is $46.94 and its 200-day moving average price is $46.47. The company has a market capitalization of $75.91 million, a price-to-earnings ratio of 20.63 and a beta of 0.63.

Invesco Dorsey Wright Utilities Momentum ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a $0.2094 dividend. This represents a $0.84 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, June 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Arax Advisory Partners acquired a new stake in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 4th quarter valued at $65,000. JPMorgan Chase & Co. lifted its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 4,771.7% during the third quarter. JPMorgan Chase & Co. now owns 2,582 shares of the company’s stock valued at $119,000 after acquiring an additional 2,529 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of Invesco Dorsey Wright Utilities Momentum ETF by 1,659.7% during the first quarter. Sunbelt Securities Inc. now owns 2,622 shares of the company’s stock valued at $123,000 after acquiring an additional 2,473 shares during the period. Parallel Advisors LLC boosted its holdings in Invesco Dorsey Wright Utilities Momentum ETF by 513.7% in the first quarter. Parallel Advisors LLC now owns 3,130 shares of the company’s stock valued at $147,000 after acquiring an additional 2,620 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Invesco Dorsey Wright Utilities Momentum ETF in the second quarter worth about $173,000.

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.