Truist Financial Corp Sells 809 Shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Truist Financial Corp decreased its holdings in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 2.3% in the 4th quarter, HoldingsChannel reports. The firm owned 34,485 shares of the company’s stock after selling 809 shares during the period. Truist Financial Corp’s holdings in Invesco Dorsey Wright Momentum ETF were worth $2,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Investment Counsel Inc bought a new position in shares of Invesco Dorsey Wright Momentum ETF in the third quarter valued at about $36,000. Anchor Investment Management LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the fourth quarter worth approximately $73,000. Concourse Financial Group Securities Inc. bought a new position in shares of Invesco Dorsey Wright Momentum ETF during the third quarter worth approximately $167,000. Perigon Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF during the 4th quarter worth approximately $201,000. Finally, Arkadios Wealth Advisors bought a new stake in Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at $216,000.

Invesco Dorsey Wright Momentum ETF Price Performance

PDP stock opened at $95.76 on Wednesday. The business’s fifty day moving average price is $95.71 and its two-hundred day moving average price is $88.05. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 25.02 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a fifty-two week low of $72.68 and a fifty-two week high of $99.60.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

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

Invesco Dorsey Wright Momentum ETF Company 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.