PFG Investments LLC Reduces Stock Holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

PFG Investments LLC trimmed its position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 6.6% during the 4th quarter, HoldingsChannel reports. The firm owned 22,665 shares of the company’s stock after selling 1,610 shares during the period. PFG Investments LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $2,439,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Affinity Wealth Management LLC bought a new position in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter worth about $200,000. Janney Montgomery Scott LLC raised its stake in Invesco Dorsey Wright Momentum ETF by 3.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 181,672 shares of the company’s stock valued at $19,550,000 after purchasing an additional 6,302 shares during the period. Transform Wealth LLC bought a new stake in Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at approximately $253,000. Financial Management Professionals Inc. bought a new stake in Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at approximately $2,430,000. Finally, Merit Financial Group LLC raised its stake in Invesco Dorsey Wright Momentum ETF by 39.6% during the 4th quarter. Merit Financial Group LLC now owns 12,178 shares of the company’s stock valued at $1,310,000 after purchasing an additional 3,453 shares during the period.

Invesco Dorsey Wright Momentum ETF Trading Down 0.3 %

Shares of PDP opened at $115.59 on Monday. The business’s 50 day moving average is $112.34 and its 200 day moving average is $105.46. The company has a market capitalization of $1.42 billion, a PE ratio of 26.00 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a 12-month low of $86.71 and a 12-month high of $117.67.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a dividend of $0.1344 per share. The ex-dividend date was Monday, December 23rd.

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.