Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) Sees Large Volume Increase – Still a Buy?

Invesco Dorsey Wright Industrials Momentum ETF (NASDAQ:PRN) saw unusually-strong trading volume on Tuesday . 25,394 shares changed hands during trading, a decline of 6% from the previous session’s volume of 26,932 shares.The stock last traded at $226.15 and had previously closed at $237.87.

Invesco Dorsey Wright Industrials Momentum ETF Stock Performance

The firm has a market capitalization of $429.24 million, a P/E ratio of 28.33 and a beta of 1.27. The business has a 50 day simple moving average of $242.24 and a two-hundred day simple moving average of $214.55.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Darwin Wealth Management LLC purchased a new stake in Invesco Dorsey Wright Industrials Momentum ETF in the fourth quarter valued at approximately $43,000. Sankala Group LLC bought a new stake in Invesco Dorsey Wright Industrials Momentum ETF during the fourth quarter valued at approximately $83,000. O Shaughnessy Asset Management LLC purchased a new position in Invesco Dorsey Wright Industrials Momentum ETF in the 4th quarter worth approximately $88,000. Geneos Wealth Management Inc. grew its stake in Invesco Dorsey Wright Industrials Momentum ETF by 187.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,005 shares of the company’s stock worth $158,000 after buying an additional 655 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Invesco Dorsey Wright Industrials Momentum ETF by 9.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,150 shares of the company’s stock worth $199,000 after buying an additional 95 shares during the last quarter.

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.