Modern Wealth Management LLC Takes $326,000 Position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Modern Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,831 shares of the company’s stock, valued at approximately $326,000.

A number of other institutional investors also recently bought and sold shares of the stock. Keener Financial Planning LLC acquired a new position in Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at approximately $27,000. Harbour Investments Inc. increased its position in shares of Invesco Dorsey Wright Momentum ETF by 206.2% in the 4th quarter. Harbour Investments Inc. now owns 594 shares of the company’s stock valued at $64,000 after acquiring an additional 400 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Invesco Dorsey Wright Momentum ETF in the 3rd quarter valued at $83,000. Silver Oak Securities Incorporated raised its stake in Invesco Dorsey Wright Momentum ETF by 468.6% in the 4th quarter. Silver Oak Securities Incorporated now owns 1,177 shares of the company’s stock worth $128,000 after acquiring an additional 970 shares during the last quarter. Finally, Allworth Financial LP lifted its position in Invesco Dorsey Wright Momentum ETF by 15.2% during the 4th quarter. Allworth Financial LP now owns 1,328 shares of the company’s stock worth $154,000 after acquiring an additional 175 shares during the period.

Invesco Dorsey Wright Momentum ETF Stock Performance

Invesco Dorsey Wright Momentum ETF stock opened at $101.62 on Friday. The business’s 50-day simple moving average is $108.40 and its two-hundred day simple moving average is $108.29. The company has a market cap of $1.22 billion, a PE ratio of 28.29 and a beta of 1.11. Invesco Dorsey Wright Momentum ETF has a fifty-two week low of $89.93 and a fifty-two week high of $117.67.

Invesco Dorsey Wright Momentum ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be given a $0.0458 dividend. The ex-dividend date of this dividend is Monday, March 24th.

Invesco Dorsey Wright Momentum ETF 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.