Invesco Dorsey Wright Momentum ETF $PDP Shares Acquired by PMG Wealth Management Inc.

PMG Wealth Management Inc. increased its stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 20.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,615 shares of the company’s stock after acquiring an additional 1,607 shares during the period. Invesco Dorsey Wright Momentum ETF makes up about 0.9% of PMG Wealth Management Inc.’s holdings, making the stock its 28th largest holding. PMG Wealth Management Inc. owned about 0.08% of Invesco Dorsey Wright Momentum ETF worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in PDP. Sowell Financial Services LLC increased its position in Invesco Dorsey Wright Momentum ETF by 3.0% in the 2nd quarter. Sowell Financial Services LLC now owns 11,893 shares of the company’s stock valued at $1,292,000 after acquiring an additional 350 shares during the period. Focus Financial Network Inc. boosted its holdings in Invesco Dorsey Wright Momentum ETF by 1.8% in the 2nd quarter. Focus Financial Network Inc. now owns 7,418 shares of the company’s stock valued at $806,000 after purchasing an additional 129 shares in the last quarter. Mirador Capital Partners LP purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 2nd quarter worth approximately $217,000. Goldman Sachs Group Inc. purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 1st quarter worth approximately $775,000. Finally, Integrity Alliance LLC. boosted its stake in shares of Invesco Dorsey Wright Momentum ETF by 11.4% during the 1st quarter. Integrity Alliance LLC. now owns 8,671 shares of the company’s stock worth $867,000 after acquiring an additional 886 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Price Performance

Shares of NASDAQ:PDP opened at $116.55 on Friday. The business’s 50 day simple moving average is $112.93 and its 200-day simple moving average is $106.36. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a 12 month low of $86.41 and a 12 month high of $118.00.

Invesco Dorsey Wright Momentum ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.1134 per share. This is a positive change from Invesco Dorsey Wright Momentum ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.45 annualized dividend and a dividend yield of 0.4%.

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.