Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Plans Quarterly Dividend of $0.04

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) declared a quarterly dividend on Monday, June 23rd, NASDAQ Dividends reports. Investors of record on Monday, June 23rd will be paid a dividend of 0.0429 per share on Friday, June 27th. This represents a $0.17 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date is Monday, June 23rd. This is a 55.8% increase from Invesco Dorsey Wright Momentum ETF’s previous quarterly dividend of $0.03.

Invesco Dorsey Wright Momentum ETF Price Performance

NASDAQ PDP traded up $1.57 on Monday, hitting $106.17. 28,027 shares of the stock were exchanged, compared to its average volume of 21,418. The company has a market capitalization of $1.26 billion, a PE ratio of 27.88 and a beta of 1.02. The business’s fifty day moving average is $102.71 and its 200 day moving average is $105.67. Invesco Dorsey Wright Momentum ETF has a 52 week low of $86.41 and a 52 week high of $117.67.

Institutional Investors Weigh In On Invesco Dorsey Wright Momentum ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp grew its holdings in Invesco Dorsey Wright Momentum ETF by 14.7% during the first quarter. Jones Financial Companies Lllp now owns 2,056 shares of the company’s stock worth $206,000 after purchasing an additional 264 shares during the period. Goldman Sachs Group Inc. bought a new stake in Invesco Dorsey Wright Momentum ETF in the first quarter valued at approximately $775,000. Finally, Jane Street Group LLC raised its stake in Invesco Dorsey Wright Momentum ETF by 41.2% in the first quarter. Jane Street Group LLC now owns 8,288 shares of the company’s stock valued at $829,000 after buying an additional 2,418 shares during the period.

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.