Coastal Investment Advisors Inc. Cuts Holdings in Invesco DWA Industrials Momentum ETF (NASDAQ:PRN)

Coastal Investment Advisors Inc. lowered its holdings in Invesco DWA Industrials Momentum ETF (NASDAQ:PRN – Get Rating) by 48.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 403 shares of the company’s stock after selling 376 shares during the quarter. Coastal Investment Advisors Inc.’s holdings in Invesco DWA Industrials Momentum ETF were worth $35,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Blair William & Co. IL purchased a new position in shares of Invesco DWA Industrials Momentum ETF in the 4th quarter valued at about $66,000. Oppenheimer & Co. Inc. increased its holdings in shares of Invesco DWA Industrials Momentum ETF by 63.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 5,661 shares of the company’s stock valued at $489,000 after acquiring an additional 2,196 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Invesco DWA Industrials Momentum ETF in the 3rd quarter valued at about $204,000. Citadel Advisors LLC purchased a new position in shares of Invesco DWA Industrials Momentum ETF in the 3rd quarter valued at about $770,000. Finally, UBS Group AG increased its holdings in shares of Invesco DWA Industrials Momentum ETF by 25.4% in the 3rd quarter. UBS Group AG now owns 18,515 shares of the company’s stock valued at $1,516,000 after acquiring an additional 3,755 shares during the last quarter.

Invesco DWA Industrials Momentum ETF Stock Up 1.0 %

Shares of NASDAQ PRN opened at $94.82 on Friday. The stock has a market cap of $128.96 million, a PE ratio of 12.58 and a beta of 1.07. Invesco DWA Industrials Momentum ETF has a 52-week low of $78.72 and a 52-week high of $98.47. The business has a 50-day moving average price of $93.42 and a 200 day moving average price of $92.01.

Invesco DWA Industrials Momentum ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Tuesday, March 21st were given a $0.206 dividend. The ex-dividend date was Monday, March 20th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.87%.

Invesco DWA Industrials Momentum ETF Profile

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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.