Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC decreased its holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 17.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,419 shares of the company’s stock after selling 503 shares during the quarter. Welch & Forbes LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $207,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management raised its stake in shares of Invesco Dorsey Wright Momentum ETF by 6.4% in the 4th quarter. Brookstone Capital Management now owns 2,896 shares of the company’s stock valued at $248,000 after purchasing an additional 175 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Invesco Dorsey Wright Momentum ETF by 2.1% in the 3rd quarter. HighTower Advisors LLC now owns 9,465 shares of the company’s stock worth $729,000 after acquiring an additional 196 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Invesco Dorsey Wright Momentum ETF by 3.4% in the 4th quarter. Private Advisor Group LLC now owns 7,516 shares of the company’s stock valued at $643,000 after acquiring an additional 245 shares during the last quarter. Merit Financial Group LLC raised its position in shares of Invesco Dorsey Wright Momentum ETF by 3.4% during the 3rd quarter. Merit Financial Group LLC now owns 11,823 shares of the company’s stock valued at $910,000 after acquiring an additional 388 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Invesco Dorsey Wright Momentum ETF by 11.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,728 shares of the company’s stock valued at $287,000 after acquiring an additional 390 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of NASDAQ:PDP traded down $0.33 during trading hours on Wednesday, hitting $95.43. The stock had a trading volume of 8,584 shares, compared to its average volume of 26,208. The stock’s fifty day simple moving average is $95.71 and its 200 day simple moving average is $88.05. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 25.02 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a 1-year low of $72.68 and a 1-year high of $99.60.

Invesco Dorsey Wright Momentum ETF Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.12%.

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.