Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. decreased its holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 9.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 36,608 shares of the company’s stock after selling 3,712 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.31% of Invesco Dorsey Wright Momentum ETF worth $3,660,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of PDP. Russell Investments Group Ltd. bought a new position in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter worth $32,000. GeoWealth Management LLC bought a new position in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter worth $41,000. Harbour Investments Inc. grew its stake in shares of Invesco Dorsey Wright Momentum ETF by 206.2% in the fourth quarter. Harbour Investments Inc. now owns 594 shares of the company’s stock worth $64,000 after purchasing an additional 400 shares in the last quarter. Farther Finance Advisors LLC bought a new position in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter worth $144,000. Finally, Jones Financial Companies Lllp boosted its stake in Invesco Dorsey Wright Momentum ETF by 124.8% during the fourth quarter. Jones Financial Companies Lllp now owns 1,792 shares of the company’s stock valued at $193,000 after buying an additional 995 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Up 0.6%

Shares of PDP stock opened at $107.72 on Friday. The stock has a 50-day simple moving average of $103.78 and a 200 day simple moving average of $105.46. Invesco Dorsey Wright Momentum ETF has a fifty-two week low of $86.41 and a fifty-two week high of $117.67. The stock has a market capitalization of $1.28 billion, a P/E ratio of 27.88 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were paid a dividend of $0.0429 per share. The ex-dividend date was Monday, June 23rd. This represents a $0.17 annualized dividend and a yield of 0.16%. This is a boost from Invesco Dorsey Wright Momentum ETF’s previous quarterly dividend of $0.03.

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.