Invesco Dorsey Wright Momentum ETF $PDP Shares Sold by PFG Investments LLC

PFG Investments LLC decreased its position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,056 shares of the company’s stock after selling 456 shares during the period. PFG Investments LLC owned about 0.19% of Invesco Dorsey Wright Momentum ETF worth $2,395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PMG Wealth Management Inc. increased its stake in Invesco Dorsey Wright Momentum ETF by 20.1% during the 2nd quarter. PMG Wealth Management Inc. now owns 9,615 shares of the company’s stock worth $1,044,000 after buying an additional 1,607 shares during the period. Sowell Financial Services LLC increased its stake in Invesco Dorsey Wright Momentum ETF by 3.0% during the 2nd quarter. Sowell Financial Services LLC now owns 11,893 shares of the company’s stock worth $1,292,000 after buying an additional 350 shares during the period. Focus Financial Network Inc. increased its stake in Invesco Dorsey Wright Momentum ETF by 1.8% during the 2nd quarter. Focus Financial Network Inc. now owns 7,418 shares of the company’s stock worth $806,000 after buying an additional 129 shares during the period. Mirador Capital Partners LP purchased a new stake in Invesco Dorsey Wright Momentum ETF during the 2nd quarter worth $217,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Invesco Dorsey Wright Momentum ETF during the 1st quarter worth $775,000.

Invesco Dorsey Wright Momentum ETF Price Performance

Invesco Dorsey Wright Momentum ETF stock opened at $118.63 on Thursday. Invesco Dorsey Wright Momentum ETF has a 12-month low of $86.41 and a 12-month high of $118.74. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. The firm’s fifty day moving average price is $113.35 and its 200 day moving average price is $106.71.

Invesco Dorsey Wright Momentum ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a dividend of $0.1134 per share. This is a positive change from Invesco Dorsey Wright Momentum ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.45 annualized dividend and a yield of 0.4%.

About Invesco Dorsey Wright Momentum ETF

PowerShares DWA Technical Leaders Portfolio (the Fund) is based on the Dorsey Wright Technical Leaders Index (the Index). The Fund seeks investment results that generally correspond to the price and yield of the Index. The Fund will normally invest at least 90% of its total assets in securities that consists of the Index and American Depositary Receipts (ADRs) based on the securities in the Index.