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

Envestnet Asset Management Inc. reduced its position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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.

A number of other hedge funds also recently made changes to their positions in the company. Harbour Investments Inc. raised its holdings 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 buying an additional 400 shares during the period. Modern Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter worth approximately $326,000. JPMorgan Chase & Co. raised its holdings in shares of Invesco Dorsey Wright Momentum ETF by 0.5% in the fourth quarter. JPMorgan Chase & Co. now owns 84,464 shares of the company’s stock worth $9,089,000 after buying an additional 381 shares during the period. National Bank of Canada FI raised its holdings in shares of Invesco Dorsey Wright Momentum ETF by 6.4% in the fourth quarter. National Bank of Canada FI now owns 2,750 shares of the company’s stock worth $296,000 after buying an additional 165 shares during the period. Finally, World Investment Advisors raised its holdings in shares of Invesco Dorsey Wright Momentum ETF by 12.6% in the fourth quarter. World Investment Advisors now owns 3,712 shares of the company’s stock worth $399,000 after buying an additional 415 shares during the period.

Invesco Dorsey Wright Momentum ETF Trading Down 0.7%

Shares of NASDAQ PDP opened at $111.05 on Tuesday. The stock has a market capitalization of $1.30 billion, a PE ratio of 28.67 and a beta of 1.02. The stock’s fifty day simple moving average is $106.66 and its two-hundred day simple moving average is $105.33. Invesco Dorsey Wright Momentum ETF has a 12-month low of $86.41 and a 12-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. Investors of record on Monday, June 23rd were paid a $0.0429 dividend. This is a positive change from Invesco Dorsey Wright Momentum ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.17 dividend on an annualized basis and a yield of 0.15%.

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.