Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Stock Position Reduced by Strid Group LLC

Strid Group LLC reduced its stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 121,692 shares of the company’s stock after selling 1,327 shares during the period. Invesco Dorsey Wright Momentum ETF makes up 2.0% of Strid Group LLC’s investment portfolio, making the stock its 8th largest position. Strid Group LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $13,095,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its position in shares of Invesco Dorsey Wright Momentum ETF by 1.4% in the 3rd quarter. Raymond James & Associates now owns 595,138 shares of the company’s stock valued at $61,454,000 after purchasing an additional 7,932 shares during the period. Janney Montgomery Scott LLC lifted its stake in Invesco Dorsey Wright Momentum ETF by 3.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 181,672 shares of the company’s stock valued at $19,550,000 after buying an additional 6,302 shares during the last quarter. LJI Wealth Management LLC boosted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 0.6% in the third quarter. LJI Wealth Management LLC now owns 92,610 shares of the company’s stock valued at $9,563,000 after acquiring an additional 583 shares during the period. JPMorgan Chase & Co. grew its position in shares of Invesco Dorsey Wright Momentum ETF by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 84,083 shares of the company’s stock worth $8,682,000 after acquiring an additional 329 shares during the last quarter. Finally, Tradition Wealth Management LLC increased its holdings in shares of Invesco Dorsey Wright Momentum ETF by 3.0% in the 3rd quarter. Tradition Wealth Management LLC now owns 64,263 shares of the company’s stock valued at $6,636,000 after acquiring an additional 1,862 shares during the period.

Invesco Dorsey Wright Momentum ETF Price Performance

PDP stock opened at $114.41 on Friday. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02. The company has a fifty day moving average price of $111.95 and a 200 day moving average price of $106.31. Invesco Dorsey Wright Momentum ETF has a 12 month low of $89.46 and a 12 month high of $117.67.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.1344 per share. The ex-dividend date 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.