Invesco DWA Momentum ETF (NASDAQ:PDP) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its position in shares of Invesco DWA Momentum ETF (NASDAQ:PDP – Get Rating) by 8.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 90,280 shares of the company’s stock after selling 7,998 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Invesco DWA Momentum ETF were worth $6,414,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PDP. EWG Elevate Inc. acquired a new position in shares of Invesco DWA Momentum ETF in the 4th quarter valued at about $28,000. Signature Securities Group Corporation acquired a new position in shares of Invesco DWA Momentum ETF in the 3rd quarter valued at about $34,000. Fifth Third Bancorp lifted its holdings in shares of Invesco DWA Momentum ETF by 348.4% in the 3rd quarter. Fifth Third Bancorp now owns 843 shares of the company’s stock valued at $57,000 after buying an additional 655 shares during the period. Destiny Wealth Partners LLC lifted its holdings in shares of Invesco DWA Momentum ETF by 4,563.0% in the 4th quarter. Destiny Wealth Partners LLC now owns 1,259 shares of the company’s stock valued at $89,000 after buying an additional 1,232 shares during the period. Finally, Welch & Forbes LLC acquired a new position in shares of Invesco DWA Momentum ETF in the 4th quarter valued at about $208,000.

Invesco DWA Momentum ETF Stock Down 0.4 %

Shares of PDP stock opened at $74.44 on Friday. The stock has a market cap of $1.00 billion, a PE ratio of 14.52 and a beta of 1.02. Invesco DWA Momentum ETF has a 52-week low of $66.22 and a 52-week high of $79.48. The business has a 50-day simple moving average of $75.07 and a 200-day simple moving average of $74.94.

Invesco DWA Momentum ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Tuesday, March 21st were issued a $0.126 dividend. The ex-dividend date was Monday, March 20th. This represents a $0.50 dividend on an annualized basis and a yield of 0.68%.

Invesco DWA Momentum ETF Profile

(Get Rating)

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.