Financial Management Professionals Inc. Purchases New Shares in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Financial Management Professionals Inc. purchased a new stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 22,585 shares of the company’s stock, valued at approximately $2,430,000. Financial Management Professionals Inc. owned about 0.18% of Invesco Dorsey Wright Momentum ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Merit Financial Group LLC increased its stake in Invesco Dorsey Wright Momentum ETF by 39.6% in the 4th quarter. Merit Financial Group LLC now owns 12,178 shares of the company’s stock valued at $1,310,000 after buying an additional 3,453 shares during the period. Tallon Kerry Patrick acquired a new position in Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at $216,000. JPMorgan Chase & Co. increased its stake in Invesco Dorsey Wright Momentum ETF by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 84,083 shares of the company’s stock valued at $8,682,000 after buying an additional 329 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Invesco Dorsey Wright Momentum ETF in the 3rd quarter valued at $83,000. Finally, World Investment Advisors LLC acquired a new position in Invesco Dorsey Wright Momentum ETF in the 3rd quarter valued at $340,000.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of PDP opened at $112.76 on Friday. The stock has a market capitalization of $1.39 billion, a P/E ratio of 26.00 and a beta of 1.02. The company’s fifty day moving average is $112.11 and its two-hundred day moving average is $104.85. Invesco Dorsey Wright Momentum ETF has a 1 year low of $84.46 and a 1 year high of $117.67.

Invesco Dorsey Wright Momentum ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.1344 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.