Sovereign Financial Group Inc. Raises Holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Sovereign Financial Group Inc. lifted its holdings in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 1.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 16,982 shares of the company’s stock after acquiring an additional 222 shares during the period. Sovereign Financial Group Inc. owned approximately 0.11% of Invesco Dorsey Wright Momentum ETF worth $1,698,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PDP. Keener Financial Planning LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the fourth quarter worth about $27,000. Russell Investments Group Ltd. purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the fourth quarter worth about $32,000. GeoWealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the fourth quarter worth about $41,000. Harbour Investments Inc. grew its stake in shares of Invesco Dorsey Wright Momentum ETF by 206.2% during the fourth quarter. Harbour Investments Inc. now owns 594 shares of the company’s stock worth $64,000 after acquiring an additional 400 shares during the last quarter. Finally, Silver Oak Securities Incorporated grew its stake in shares of Invesco Dorsey Wright Momentum ETF by 468.6% during the fourth quarter. Silver Oak Securities Incorporated now owns 1,177 shares of the company’s stock worth $128,000 after acquiring an additional 970 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of PDP stock opened at $107.01 on Friday. Invesco Dorsey Wright Momentum ETF has a fifty-two week low of $86.41 and a fifty-two week high of $117.67. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 28.30 and a beta of 1.02. The stock’s 50-day simple moving average is $100.49 and its 200-day simple moving average is $106.55.

Invesco Dorsey Wright Momentum ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a $0.0458 dividend. The ex-dividend date was Monday, March 24th.

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.