Invesco Dorsey Wright Momentum ETF $PDP Shares Acquired by IFP Advisors Inc

IFP Advisors Inc grew its position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 10.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,265 shares of the company’s stock after buying an additional 519 shares during the quarter. IFP Advisors Inc’s holdings in Invesco Dorsey Wright Momentum ETF were worth $572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of PDP. Red Tortoise LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the second quarter valued at $27,000. Costello Asset Management INC purchased a new position in Invesco Dorsey Wright Momentum ETF in the first quarter valued at $63,000. WealthShield Partners LLC purchased a new position in Invesco Dorsey Wright Momentum ETF in the first quarter valued at $70,000. Ameritas Advisory Services LLC purchased a new position in Invesco Dorsey Wright Momentum ETF in the second quarter valued at $114,000. Finally, Allworth Financial LP boosted its holdings in Invesco Dorsey Wright Momentum ETF by 21.6% in the first quarter. Allworth Financial LP now owns 1,615 shares of the company’s stock valued at $160,000 after purchasing an additional 287 shares during the period.

Invesco Dorsey Wright Momentum ETF Trading Down 0.0%

NASDAQ:PDP opened at $120.04 on Wednesday. The firm has a market cap of $1.36 billion, a PE ratio of 28.67 and a beta of 1.02. The stock has a fifty day moving average price of $114.55 and a 200 day moving average price of $107.82. Invesco Dorsey Wright Momentum ETF has a 12-month low of $86.41 and a 12-month high of $121.02.

Invesco Dorsey Wright Momentum ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a $0.1134 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 0.4%. This is a boost from Invesco Dorsey Wright Momentum ETF’s previous quarterly dividend of $0.04. The ex-dividend date was Monday, September 22nd.

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.