Sovereign Financial Group Inc. Decreases Holdings in Invesco Dorsey Wright Momentum ETF $PDP

Sovereign Financial Group Inc. cut its stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,763 shares of the company’s stock after selling 219 shares during the period. Sovereign Financial Group Inc. owned about 0.14% of Invesco Dorsey Wright Momentum ETF worth $1,820,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PDP. Red Tortoise LLC purchased a new stake in Invesco Dorsey Wright Momentum ETF during 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 1st quarter worth $63,000. WealthShield Partners LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 1st quarter worth $70,000. Ameritas Advisory Services LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 2nd quarter worth $114,000. Finally, Allworth Financial LP increased its stake 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 worth $160,000 after purchasing an additional 287 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Price Performance

NASDAQ:PDP opened at $116.22 on Friday. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 28.67 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a one year low of $86.41 and a one year high of $120.84. The business has a fifty day moving average price of $114.25 and a 200-day moving average price of $107.55.

Invesco Dorsey Wright Momentum ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a $0.1134 dividend. This is a positive change from Invesco Dorsey Wright Momentum ETF’s previous quarterly dividend of $0.04. The ex-dividend date 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.