Envestnet Asset Management Inc. Sells 2,915 Shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Envestnet Asset Management Inc. reduced its stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 3.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,009 shares of the company’s stock after selling 2,915 shares during the quarter. Envestnet Asset Management Inc. owned about 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 modified their holdings of the stock. Russell Investments Group Ltd. acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the fourth quarter worth $32,000. GeoWealth Management LLC bought a new position in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at about $41,000. Harbour Investments Inc. grew its position in shares of Invesco Dorsey Wright Momentum ETF by 206.2% in the 4th quarter. Harbour Investments Inc. now owns 594 shares of the company’s stock valued at $64,000 after acquiring an additional 400 shares during the period. Affinity Wealth Management LLC grew its position in shares of Invesco Dorsey Wright Momentum ETF by 10.4% in the 1st quarter. Affinity Wealth Management LLC now owns 2,057 shares of the company’s stock valued at $206,000 after acquiring an additional 194 shares during the period. Finally, Post Resch Tallon Group Inc. grew its position in shares of Invesco Dorsey Wright Momentum ETF by 36.5% in the 1st quarter. Post Resch Tallon Group Inc. now owns 2,730 shares of the company’s stock valued at $272,000 after acquiring an additional 730 shares during the period.

Invesco Dorsey Wright Momentum ETF Stock Down 0.7%

Shares of Invesco Dorsey Wright Momentum ETF stock opened at $111.05 on Tuesday. The company has a 50-day simple moving average of $106.66 and a two-hundred day simple moving average of $105.33. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a twelve month low of $86.41 and a twelve month high of $117.67.

Invesco Dorsey Wright Momentum ETF Increases Dividend

The company 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. The ex-dividend date 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 dividend yield of 0.15%.

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.