Prospera Financial Services Inc Has $19.40 Million Stake in Invesco Dorsey Wright Momentum ETF $PDP

Prospera Financial Services Inc increased its stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,693 shares of the company’s stock after buying an additional 1,953 shares during the period. Prospera Financial Services Inc owned 1.54% of Invesco Dorsey Wright Momentum ETF worth $19,404,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in PDP. Summit Financial LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 1st quarter valued at about $20,490,000. LPL Financial LLC increased its position in shares of Invesco Dorsey Wright Momentum ETF by 52.7% in the first quarter. LPL Financial LLC now owns 354,067 shares of the company’s stock valued at $35,400,000 after acquiring an additional 122,164 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 1st quarter valued at approximately $1,122,000. HB Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF in the 1st quarter valued at about $926,000. Finally, Royal Bank of Canada boosted its stake in shares of Invesco Dorsey Wright Momentum ETF by 2.4% during the 1st quarter. Royal Bank of Canada now owns 349,488 shares of the company’s stock worth $34,942,000 after acquiring an additional 8,113 shares during the period.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Momentum ETF stock opened at $117.18 on Friday. The firm has a 50-day moving average of $117.61 and a 200-day moving average of $110.88. Invesco Dorsey Wright Momentum ETF has a 52-week low of $86.41 and a 52-week high of $123.91. The stock has a market cap of $1.33 billion, a PE ratio of 28.67 and a beta of 1.13.

Invesco Dorsey Wright Momentum ETF Increases Dividend

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