Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Stake Lifted by Strid Group LLC

Strid Group LLC increased its holdings in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,889 shares of the company’s stock after purchasing an additional 12,249 shares during the quarter. Invesco Dorsey Wright Momentum ETF makes up approximately 2.3% of Strid Group LLC’s portfolio, making the stock its 7th biggest position. Strid Group LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $11,617,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 2.2% in the 1st quarter. JPMorgan Chase & Co. now owns 92,923 shares of the company’s stock valued at $7,529,000 after buying an additional 1,960 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Invesco Dorsey Wright Momentum ETF by 23.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,781 shares of the company’s stock valued at $387,000 after acquiring an additional 923 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Invesco Dorsey Wright Momentum ETF by 14.6% during the first quarter. NewEdge Advisors LLC now owns 211,170 shares of the company’s stock worth $17,109,000 after purchasing an additional 26,842 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the first quarter worth about $697,000. Finally, Fort Point Capital Partners LLC increased its position in shares of Invesco Dorsey Wright Momentum ETF by 5.2% during the first quarter. Fort Point Capital Partners LLC now owns 19,893 shares of the company’s stock worth $1,612,000 after purchasing an additional 980 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Trading Up 0.3 %

Shares of NASDAQ PDP traded up $0.31 during trading hours on Thursday, reaching $93.09. The stock had a trading volume of 3,122 shares, compared to its average volume of 26,615. The firm has a 50-day moving average of $95.37 and a 200-day moving average of $86.35. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a fifty-two week low of $72.68 and a fifty-two week high of $99.60.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

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

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.