Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Shares Sold by Wintrust Investments LLC

Wintrust Investments LLC lowered its stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 63.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,091 shares of the company’s stock after selling 7,011 shares during the quarter. Wintrust Investments LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $331,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Harbour Investments Inc. boosted its position in Invesco Dorsey Wright Momentum ETF by 44.3% during the 1st quarter. Harbour Investments Inc. now owns 577 shares of the company’s stock worth $44,000 after acquiring an additional 177 shares during the period. FAS Wealth Partners Inc. acquired a new position in Invesco Dorsey Wright Momentum ETF during the 1st quarter worth $49,000. WealthShield Partners LLC acquired a new position in Invesco Dorsey Wright Momentum ETF during the 1st quarter worth $53,000. Ameritas Advisory Services LLC acquired a new position in Invesco Dorsey Wright Momentum ETF during the 1st quarter worth $109,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 1st quarter worth $118,000.

Invesco Dorsey Wright Momentum ETF Stock Performance

PDP opened at $80.41 on Friday. Invesco Dorsey Wright Momentum ETF has a one year low of $69.69 and a one year high of $82.76. The stock’s fifty day moving average is $77.17 and its 200-day moving average is $78.01. The company has a market capitalization of $1.08 billion, a PE ratio of 14.52 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Tuesday, September 19th were given a dividend of $0.0275 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Monday, September 18th.

Invesco Dorsey Wright Momentum ETF 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.