Modern Wealth Management LLC Purchases Shares of 2,831 Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Modern Wealth Management LLC purchased a new position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,831 shares of the company’s stock, valued at approximately $326,000.

A number of other institutional investors have also modified their holdings of PDP. Kiker Wealth Management LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 4th quarter worth approximately $501,000. Harbour Investments Inc. grew its position in Invesco Dorsey Wright Momentum ETF by 206.2% during the fourth quarter. Harbour Investments Inc. now owns 594 shares of the company’s stock valued at $64,000 after buying an additional 400 shares during the period. Farther Finance Advisors LLC purchased a new position in Invesco Dorsey Wright Momentum ETF in the fourth quarter valued at $144,000. Sowell Financial Services LLC raised its position in shares of Invesco Dorsey Wright Momentum ETF by 1.0% in the fourth quarter. Sowell Financial Services LLC now owns 11,543 shares of the company’s stock worth $1,242,000 after acquiring an additional 110 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter worth about $80,482,000.

Invesco Dorsey Wright Momentum ETF Stock Down 1.4 %

NASDAQ:PDP opened at $101.62 on Friday. Invesco Dorsey Wright Momentum ETF has a 52 week low of $89.93 and a 52 week high of $117.67. The stock’s 50-day moving average price is $108.40 and its 200-day moving average price is $108.29. The stock has a market capitalization of $1.22 billion, a PE ratio of 28.29 and a beta of 1.11.

Invesco Dorsey Wright Momentum ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a $0.0458 dividend. The ex-dividend date of this dividend is Monday, March 24th.

Invesco Dorsey Wright Momentum ETF Company 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.