Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) Stock Price Up 0.3% – What’s Next?

Shares of Invesco Dorsey Wright Utilities Momentum ETF (NASDAQ:PUI) were up 0.3% during trading on Wednesday. The company traded as high as $43.24 and last traded at $43.23. Approximately 5,633 shares changed hands during trading, a decline of 48% from the average session volume of 10,860 shares. The stock had previously closed at $43.08.

Invesco Dorsey Wright Utilities Momentum ETF Stock Performance

The firm has a market capitalization of $50.15 million, a price-to-earnings ratio of 20.63 and a beta of 0.62. The business has a fifty day moving average price of $43.31 and a 200 day moving average price of $45.66.

Institutional Investors Weigh In On Invesco Dorsey Wright Utilities Momentum ETF

A number of institutional investors have recently added to or reduced their stakes in PUI. Envestnet Asset Management Inc. purchased a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the second quarter valued at about $505,000. Integrated Wealth Concepts LLC acquired a new stake in Invesco Dorsey Wright Utilities Momentum ETF during the second quarter worth about $241,000. Citadel Advisors LLC raised its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 52.4% in the 2nd quarter. Citadel Advisors LLC now owns 7,186 shares of the company’s stock worth $342,000 after purchasing an additional 2,472 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Invesco Dorsey Wright Utilities Momentum ETF in the 2nd quarter worth about $270,000. Finally, NWF Advisory Services Inc. raised its holdings in shares of Invesco Dorsey Wright Utilities Momentum ETF by 32.2% in the 2nd quarter. NWF Advisory Services Inc. now owns 12,435 shares of the company’s stock worth $591,000 after purchasing an additional 3,028 shares during the period.

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.