Stratos Wealth Partners LTD. Sells 956 Shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Stratos Wealth Partners LTD. trimmed its position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 17.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,420 shares of the company’s stock after selling 956 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Invesco Dorsey Wright Momentum ETF were worth $442,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in Invesco Dorsey Wright Momentum ETF by 5,209.6% in the 1st quarter. Farther Finance Advisors LLC now owns 71,148 shares of the company’s stock valued at $7,150,000 after acquiring an additional 69,808 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Invesco Dorsey Wright Momentum ETF by 17.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 101,271 shares of the company’s stock valued at $10,125,000 after acquiring an additional 14,685 shares in the last quarter. Harvest Investment Services LLC bought a new stake in Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at $1,051,000. Global Assets Advisory LLC lifted its position in Invesco Dorsey Wright Momentum ETF by 200.0% in the 1st quarter. Global Assets Advisory LLC now owns 9,600 shares of the company’s stock valued at $917,000 after acquiring an additional 6,400 shares in the last quarter. Finally, Kiker Wealth Management LLC bought a new stake in Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at $501,000.

Invesco Dorsey Wright Momentum ETF Trading Up 1.6%

PDP opened at $110.14 on Tuesday. The firm’s fifty day simple moving average is $105.77 and its 200 day simple moving average is $105.25. Invesco Dorsey Wright Momentum ETF has a 12 month low of $86.41 and a 12 month high of $117.67. The stock has a market capitalization of $1.29 billion, a P/E ratio of 28.67 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Increases Dividend

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

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.