Commonwealth Equity Services LLC Has $38.32 Million Stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Commonwealth Equity Services LLC lifted its position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 0.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 448,276 shares of the company’s stock after purchasing an additional 899 shares during the period. Commonwealth Equity Services LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $38,323,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Capital Investment Counsel Inc acquired a new position in shares of Invesco Dorsey Wright Momentum ETF during the third quarter worth approximately $36,000. Anchor Investment Management LLC acquired a new position in shares of Invesco Dorsey Wright Momentum ETF during the fourth quarter worth approximately $73,000. Concourse Financial Group Securities Inc. acquired a new position in shares of Invesco Dorsey Wright Momentum ETF during the third quarter worth approximately $167,000. Perigon Wealth Management LLC acquired a new position in shares of Invesco Dorsey Wright Momentum ETF during the fourth quarter worth approximately $201,000. Finally, Arkadios Wealth Advisors acquired a new position in shares of Invesco Dorsey Wright Momentum ETF during the fourth quarter worth approximately $216,000.

Invesco Dorsey Wright Momentum ETF Stock Up 1.2 %

Shares of NASDAQ:PDP opened at $94.18 on Friday. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 25.02 and a beta of 1.02. The stock’s 50 day moving average is $95.65 and its 200-day moving average is $87.68. Invesco Dorsey Wright Momentum ETF has a twelve month low of $72.68 and a twelve month high of $99.60.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

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

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.