Morgan Stanley Purchases 33,178 Shares of Invesco DWA Momentum ETF (PDP)

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Morgan Stanley boosted its position in Invesco DWA Momentum ETF (NASDAQ:PDP) by 1.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,900,173 shares of the company’s stock after buying an additional 33,178 shares during the period. Morgan Stanley owned approximately 6.88% of Invesco DWA Momentum ETF worth $105,156,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cornerstone Wealth Management LLC acquired a new position in Invesco DWA Momentum ETF in the second quarter valued at approximately $207,000. First City Capital Management Inc. acquired a new position in Invesco DWA Momentum ETF in the second quarter valued at approximately $208,000. FMR LLC acquired a new position in Invesco DWA Momentum ETF in the second quarter valued at approximately $224,000. Milestone Group Inc. acquired a new position in Invesco DWA Momentum ETF in the second quarter valued at approximately $236,000. Finally, MinichMacGregor Wealth Management LLC acquired a new position in Invesco DWA Momentum ETF in the second quarter valued at approximately $282,000.

NASDAQ:PDP traded up $1.27 during trading hours on Friday, reaching $54.74. The company had a trading volume of 130,286 shares, compared to its average volume of 106,463. Invesco DWA Momentum ETF has a 1-year low of $49.44 and a 1-year high of $60.23.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Tuesday, September 25th were issued a $0.0074 dividend. This represents a $0.03 dividend on an annualized basis and a yield of 0.05%. The ex-dividend date was Monday, September 24th.

About Invesco DWA 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.

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Institutional Ownership by Quarter for Invesco DWA Momentum ETF (NASDAQ:PDP)

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