Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Sees Strong Trading Volume

Posted by Patrick Bannon on Apr 24th, 2024

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP – Get Free Report) shares saw strong trading volume on Wednesday . 23,856 shares traded hands during trading, a decline of 10% from the previous session’s volume of 26,419 shares.The stock last traded at $94.82 and had previously closed at $93.77.

Invesco Dorsey Wright Momentum ETF Trading Down 0.1 %

The business has a 50-day moving average price of $95.45 and a 200 day moving average price of $86.87. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Announces Dividend

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

Institutional Trading of Invesco Dorsey Wright Momentum ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Investment Counsel Inc acquired a new stake in Invesco Dorsey Wright Momentum ETF in the 3rd quarter valued at $36,000. Carolina Wealth Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 1st quarter valued at about $39,000. Northwest Financial Advisors bought a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at about $50,000. Sheets Smith Wealth Management bought a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 3rd quarter valued at about $67,000. Finally, Anchor Investment Management LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at about $73,000.

Invesco Dorsey Wright Momentum ETF Company Profile

(Get Free Report)

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.