Envestnet Asset Management Inc. Lowers Holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Envestnet Asset Management Inc. decreased its position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 3.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 86,009 shares of the company’s stock after selling 2,915 shares during the period. Envestnet Asset Management Inc. owned 0.72% of Invesco Dorsey Wright Momentum ETF worth $8,599,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PDP. Farther Finance Advisors LLC raised its stake in shares of Invesco Dorsey Wright Momentum ETF by 5,209.6% during the 1st quarter. Farther Finance Advisors LLC now owns 71,148 shares of the company’s stock worth $7,150,000 after acquiring an additional 69,808 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Invesco Dorsey Wright Momentum ETF by 17.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 101,271 shares of the company’s stock valued at $10,125,000 after purchasing an additional 14,685 shares in the last quarter. Harvest Investment Services LLC acquired a new position in Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at approximately $1,051,000. Global Assets Advisory LLC increased its stake in Invesco Dorsey Wright Momentum ETF by 200.0% during the 1st quarter. Global Assets Advisory LLC now owns 9,600 shares of the company’s stock valued at $917,000 after purchasing an additional 6,400 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Invesco Dorsey Wright Momentum ETF by 1.3% during the 4th quarter. Royal Bank of Canada now owns 341,375 shares of the company’s stock valued at $36,735,000 after purchasing an additional 4,276 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of NASDAQ PDP opened at $111.05 on Tuesday. The company’s fifty day moving average price is $106.66 and its 200 day moving average price is $105.33. Invesco Dorsey Wright Momentum ETF has a 1 year low of $86.41 and a 1 year high of $117.67. The company has a market capitalization of $1.30 billion, a PE ratio of 28.67 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were given a $0.0429 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.15%. This is a boost from Invesco Dorsey Wright Momentum ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, June 23rd.

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.