Sapient Capital LLC Buys New Position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Sapient Capital LLC purchased a new position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) in the fourth quarter, HoldingsChannel reports. The fund purchased 3,454 shares of the company’s stock, valued at approximately $295,000.

Several other hedge funds also recently made changes to their positions in PDP. Capital Investment Counsel Inc acquired a new stake in Invesco Dorsey Wright Momentum ETF in the 3rd quarter valued at $36,000. Harbour Investments Inc. grew its holdings in shares of Invesco Dorsey Wright Momentum ETF by 44.3% in the 1st quarter. Harbour Investments Inc. now owns 577 shares of the company’s stock valued at $44,000 after acquiring an additional 177 shares in the last quarter. Sheets Smith Wealth Management bought a new stake in Invesco Dorsey Wright Momentum ETF during the third quarter worth about $67,000. Anchor Investment Management LLC acquired a new position in Invesco Dorsey Wright Momentum ETF during the fourth quarter valued at approximately $73,000. Finally, Founders Financial Alliance LLC boosted its position in Invesco Dorsey Wright Momentum ETF by 21.7% during the fourth quarter. Founders Financial Alliance LLC now owns 1,681 shares of the company’s stock valued at $119,000 after purchasing an additional 300 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Down 1.5 %

NASDAQ:PDP opened at $93.67 on Tuesday. Invesco Dorsey Wright Momentum ETF has a twelve month low of $72.68 and a twelve month high of $99.60. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02. The stock’s 50 day moving average price is $95.24 and its two-hundred day moving average price is $86.18.

Invesco Dorsey Wright Momentum ETF Announces Dividend

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

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.