Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Sees Strong Trading Volume

Shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) saw unusually-strong trading volume on Wednesday . Approximately 23,856 shares were traded during trading, a decline of 10% from the previous session’s volume of 26,419 shares.The stock last traded at $94.82 and had previously closed at $93.77.

Invesco Dorsey Wright Momentum ETF Stock Performance

The stock has a 50-day moving average of $95.49 and a 200-day moving average of $86.92. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were issued a $0.0275 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.12%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Carolina Wealth Advisors LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF in the 1st quarter valued at $39,000. Capital Investment Counsel Inc bought a new position in shares of Invesco Dorsey Wright Momentum ETF in the 3rd quarter valued at about $36,000. Northwest Financial Advisors acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter valued at about $50,000. Anchor Investment Management LLC bought a new stake in Invesco Dorsey Wright Momentum ETF during the fourth quarter worth about $73,000. Finally, Sheets Smith Wealth Management bought a new stake in Invesco Dorsey Wright Momentum ETF during the third quarter worth about $67,000.

Invesco Dorsey Wright Momentum ETF Company Profile

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.