Lunt Capital Management Inc. Grows Stock Holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Lunt Capital Management Inc. boosted its stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 4.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 21,066 shares of the company’s stock after acquiring an additional 886 shares during the period. Invesco Dorsey Wright Momentum ETF comprises about 0.9% of Lunt Capital Management Inc.’s holdings, making the stock its 26th biggest holding. Lunt Capital Management Inc. owned 0.16% of Invesco Dorsey Wright Momentum ETF worth $1,801,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Capital Investment Counsel Inc purchased a new position in shares of Invesco Dorsey Wright Momentum ETF during the third quarter worth approximately $36,000. Harbour Investments Inc. boosted its position in shares of Invesco Dorsey Wright Momentum ETF by 44.3% in the 1st quarter. Harbour Investments Inc. now owns 577 shares of the company’s stock worth $44,000 after buying an additional 177 shares in the last quarter. Sheets Smith Wealth Management purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 3rd quarter worth about $67,000. Anchor Investment Management LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter worth about $73,000. Finally, Founders Financial Alliance LLC boosted its position in shares of Invesco Dorsey Wright Momentum ETF by 21.7% in the 4th quarter. Founders Financial Alliance LLC now owns 1,681 shares of the company’s stock worth $119,000 after buying an additional 300 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Price Performance

NASDAQ:PDP traded down $0.33 on Tuesday, reaching $93.34. The stock had a trading volume of 1,936 shares, compared to its average volume of 26,589. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02. The firm’s fifty day moving average is $95.24 and its two-hundred day moving average is $86.18. Invesco Dorsey Wright Momentum ETF has a 12-month low of $72.68 and a 12-month high of $99.60.

Invesco Dorsey Wright Momentum ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.0275 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date of this dividend was Monday, March 18th.

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.