Invesco DWA Financial Momentum ETF (NASDAQ:PFI) Share Price Passes Above 200-Day Moving Average of $0.00

Invesco DWA Financial Momentum ETF (NASDAQ:PFI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $36.80. Invesco DWA Financial Momentum ETF shares last traded at $36.80, with a volume of 100 shares.

The firm has a 50-day moving average price of $36.11.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 25th will be given a $0.126 dividend. This is an increase from Invesco DWA Financial Momentum ETF’s previous quarterly dividend of $0.04. This represents a $0.50 annualized dividend and a yield of 1.38%. The ex-dividend date is Monday, June 24th.

A hedge fund recently raised its stake in Invesco DWA Financial Momentum ETF stock. LPL Financial LLC raised its position in Invesco DWA Financial Momentum ETF (NASDAQ:PFI) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,181 shares of the company’s stock after acquiring an additional 317 shares during the quarter. LPL Financial LLC owned approximately 2.02% of Invesco DWA Financial Momentum ETF worth $463,000 as of its most recent SEC filing.

About Invesco DWA Financial Momentum ETF (NASDAQ:PFI)

PowerShares Dynamic Financial Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Financial Sector Intellidex Index (the Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.

Recommended Story: Equal Weight Rating

Receive News & Ratings for Invesco DWA Financial Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco DWA Financial Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.