Invesco Dorsey Wright Momentum ETF $PDP Shares Sold by Savant Capital LLC

Savant Capital LLC lessened its holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 5.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 139,701 shares of the company’s stock after selling 8,430 shares during the period. Savant Capital LLC owned about 1.20% of Invesco Dorsey Wright Momentum ETF worth $15,170,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PDP. Red Tortoise LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF in the 2nd quarter valued at $27,000. Costello Asset Management INC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the first quarter worth about $63,000. WealthShield Partners LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the first quarter valued at about $70,000. Ameritas Advisory Services LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 2nd quarter valued at about $114,000. Finally, Allworth Financial LP lifted its position in Invesco Dorsey Wright Momentum ETF by 21.6% during the 1st quarter. Allworth Financial LP now owns 1,615 shares of the company’s stock worth $160,000 after acquiring an additional 287 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Up 0.7%

NASDAQ PDP opened at $117.18 on Friday. Invesco Dorsey Wright Momentum ETF has a fifty-two week low of $86.41 and a fifty-two week high of $123.91. The business has a 50 day moving average price of $117.61 and a two-hundred day moving average price of $110.88. The stock has a market cap of $1.33 billion, a PE ratio of 28.67 and a beta of 1.13.

Invesco Dorsey Wright Momentum ETF Increases Dividend

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

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.