Institute for Wealth Management LLC. Has $4.14 Million Holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Institute for Wealth Management LLC. lowered its stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 6.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,392 shares of the company’s stock after selling 3,140 shares during the period. Invesco Dorsey Wright Momentum ETF makes up approximately 0.7% of Institute for Wealth Management LLC.’s holdings, making the stock its 28th biggest position. Institute for Wealth Management LLC.’s holdings in Invesco Dorsey Wright Momentum ETF were worth $4,137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Invesco Dorsey Wright Momentum ETF by 2.2% in the first quarter. JPMorgan Chase & Co. now owns 92,923 shares of the company’s stock worth $7,529,000 after purchasing an additional 1,960 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of 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 worth $387,000 after purchasing an additional 923 shares during the period. NewEdge Advisors LLC increased its stake in shares of Invesco Dorsey Wright Momentum ETF by 14.6% in 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 period. Renaissance Technologies LLC bought a new position in shares of Invesco Dorsey Wright Momentum ETF in the first quarter worth about $697,000. Finally, Fort Point Capital Partners LLC increased its stake in shares of Invesco Dorsey Wright Momentum ETF by 5.2% in 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 during the period.

Invesco Dorsey Wright Momentum ETF Trading Down 1.3 %

PDP traded down $1.22 on Friday, hitting $90.82. 4,399 shares of the stock traded hands, compared to its average volume of 26,420. Invesco Dorsey Wright Momentum ETF has a 52 week low of $72.68 and a 52 week high of $99.60. The firm has a market capitalization of $1.17 billion, a PE ratio of 25.46 and a beta of 1.02. The business has a fifty day moving average price of $95.39 and a two-hundred day moving average price of $86.39.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

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

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.