Red Tortoise LLC Takes $27,000 Position in Invesco Dorsey Wright Momentum ETF $PDP

Red Tortoise LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the 2nd quarter, HoldingsChannel reports. The firm purchased 245 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Costello Asset Management INC acquired a new position in Invesco Dorsey Wright Momentum ETF during the first quarter valued at $63,000. WealthShield Partners LLC purchased a new position in shares of Invesco Dorsey Wright Momentum ETF during the 1st quarter valued at about $70,000. Ameritas Advisory Services LLC acquired a new position in shares of Invesco Dorsey Wright Momentum ETF in the 2nd quarter valued at about $114,000. Allworth Financial LP lifted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 21.6% in the 1st quarter. Allworth Financial LP now owns 1,615 shares of the company’s stock valued at $160,000 after buying an additional 287 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of Invesco Dorsey Wright Momentum ETF by 14.7% in the first quarter. Jones Financial Companies Lllp now owns 2,056 shares of the company’s stock worth $206,000 after buying an additional 264 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Down 0.2%

Invesco Dorsey Wright Momentum ETF stock opened at $119.24 on Monday. The business’s 50-day moving average price is $113.63 and its 200 day moving average price is $107.04. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a 52 week low of $86.41 and a 52 week high of $120.31.

Invesco Dorsey Wright Momentum ETF Increases Dividend

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

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.