Ibex Wealth Advisors Makes New $892,000 Investment in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Ibex Wealth Advisors purchased a new position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,288 shares of the company’s stock, valued at approximately $892,000. Ibex Wealth Advisors owned about 0.07% of Invesco Dorsey Wright Momentum ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Financial Management Professionals Inc. acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter worth $2,430,000. NewEdge Advisors LLC grew its position in shares of Invesco Dorsey Wright Momentum ETF by 20.2% in the second quarter. NewEdge Advisors LLC now owns 104,402 shares of the company’s stock valued at $10,217,000 after purchasing an additional 17,563 shares during the period. Benjamin Edwards Inc. acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the third quarter valued at about $1,102,000. Raymond James & Associates lifted its stake in shares of Invesco Dorsey Wright Momentum ETF by 1.4% in the third quarter. Raymond James & Associates now owns 595,138 shares of the company’s stock worth $61,454,000 after buying an additional 7,932 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Invesco Dorsey Wright Momentum ETF in the second quarter worth about $597,000.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of NASDAQ:PDP traded up $0.13 during midday trading on Wednesday, hitting $112.11. The company’s stock had a trading volume of 697 shares, compared to its average volume of 19,805. The business’s 50 day simple moving average is $112.32 and its 200 day simple moving average is $105.61. Invesco Dorsey Wright Momentum ETF has a 12-month low of $86.81 and a 12-month high of $117.67. The company has a market cap of $1.38 billion, a P/E ratio of 26.00 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.1344 per share. The ex-dividend date was Monday, December 23rd.

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.