Koshinski Asset Management Inc. Acquires 1,436 Shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Koshinski Asset Management Inc. grew its holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 49.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,331 shares of the company’s stock after acquiring an additional 1,436 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Invesco Dorsey Wright Momentum ETF were worth $370,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PDP. Capital Investment Counsel Inc bought a new stake in Invesco Dorsey Wright Momentum ETF in the 3rd quarter valued at approximately $36,000. Harbour Investments Inc. grew its holdings in shares of Invesco Dorsey Wright Momentum ETF by 44.3% in the 1st quarter. Harbour Investments Inc. now owns 577 shares of the company’s stock valued at $44,000 after acquiring an additional 177 shares in the last quarter. Anchor Investment Management LLC bought a new stake in Invesco Dorsey Wright Momentum ETF during the fourth quarter worth about $73,000. Sheets Smith Wealth Management bought a new stake in Invesco Dorsey Wright Momentum ETF during the third quarter worth about $67,000. Finally, Founders Financial Alliance LLC boosted its position in Invesco Dorsey Wright Momentum ETF by 21.7% during the fourth quarter. Founders Financial Alliance LLC now owns 1,681 shares of the company’s stock valued at $119,000 after purchasing an additional 300 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Down 1.5 %

NASDAQ:PDP opened at $93.67 on Tuesday. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a twelve month low of $72.68 and a twelve month high of $99.60. The stock’s 50 day moving average price is $95.24 and its two-hundred day moving average price is $86.18.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a $0.0275 dividend. 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.

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.