Fagan Associates Inc. Buys New Shares in Invesco Dorsey Wright Industrials Momentum ETF $PRN

Fagan Associates Inc. purchased a new position in Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,008 shares of the company’s stock, valued at approximately $793,000.

A number of other institutional investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new stake in shares of Invesco Dorsey Wright Industrials Momentum ETF during the second quarter worth approximately $2,785,000. Founders Financial Securities LLC acquired a new position in Invesco Dorsey Wright Industrials Momentum ETF in the 1st quarter valued at $545,000. Citadel Advisors LLC purchased a new position in Invesco Dorsey Wright Industrials Momentum ETF in the 2nd quarter valued at $434,000. Integrated Wealth Concepts LLC purchased a new position in Invesco Dorsey Wright Industrials Momentum ETF in the 2nd quarter valued at $165,000. Finally, Paller Financial Services Inc lifted its holdings in Invesco Dorsey Wright Industrials Momentum ETF by 2.7% in the 3rd quarter. Paller Financial Services Inc now owns 19,455 shares of the company’s stock valued at $3,849,000 after purchasing an additional 512 shares in the last quarter.

Invesco Dorsey Wright Industrials Momentum ETF Trading Up 0.5%

PRN traded up $0.91 on Tuesday, hitting $198.61. 13,701 shares of the company’s stock were exchanged, compared to its average volume of 31,367. Invesco Dorsey Wright Industrials Momentum ETF has a fifty-two week low of $156.00 and a fifty-two week high of $262.73. The stock has a market cap of $353.53 million, a price-to-earnings ratio of 28.33 and a beta of 1.28. The firm has a 50-day moving average price of $204.89 and a 200-day moving average price of $221.33.

Invesco Dorsey Wright Industrials Momentum ETF Company 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.