Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $220.32 and traded as low as $217.83. Invesco Dorsey Wright Industrials Momentum ETF shares last traded at $221.90, with a volume of 84,412 shares.

Invesco Dorsey Wright Industrials Momentum ETF Trading Up 0.5%

The stock has a 50-day simple moving average of $235.13 and a two-hundred day simple moving average of $220.32. The firm has a market capitalization of $428.27 million, a P/E ratio of 28.33 and a beta of 1.29.

Hedge Funds Weigh In On Invesco Dorsey Wright Industrials Momentum ETF

Several institutional investors have recently made changes to their positions in PRN. Private Advisor Group LLC raised its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 68.5% in the fourth quarter. Private Advisor Group LLC now owns 21,185 shares of the company’s stock valued at $3,698,000 after acquiring an additional 8,614 shares in the last quarter. MML Investors Services LLC grew its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 10.2% during the 4th quarter. MML Investors Services LLC now owns 14,311 shares of the company’s stock worth $2,498,000 after acquiring an additional 1,330 shares in the last quarter. Principal Securities Inc. grew its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 19.0% during the 4th quarter. Principal Securities Inc. now owns 14,224 shares of the company’s stock worth $2,483,000 after acquiring an additional 2,274 shares in the last quarter. StoneX Group Inc. grew its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 2.5% during the 4th quarter. StoneX Group Inc. now owns 13,512 shares of the company’s stock worth $2,359,000 after acquiring an additional 324 shares in the last quarter. Finally, Financial Management Professionals Inc. purchased a new position in Invesco Dorsey Wright Industrials Momentum ETF during the 2nd quarter valued at about $2,785,000.

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.