Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Shares Sold by MTM Investment Management LLC

MTM Investment Management LLC lowered its position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,656 shares of the company’s stock after selling 300 shares during the quarter. Invesco Dorsey Wright Momentum ETF comprises 1.4% of MTM Investment Management LLC’s portfolio, making the stock its 17th largest position. MTM Investment Management LLC owned approximately 0.27% of Invesco Dorsey Wright Momentum ETF worth $3,514,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Keener Financial Planning LLC bought a new position in shares of Invesco Dorsey Wright Momentum ETF during the fourth quarter valued at approximately $27,000. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco Dorsey Wright Momentum ETF during the third quarter valued at approximately $83,000. Silver Oak Securities Incorporated grew its holdings in shares of Invesco Dorsey Wright Momentum ETF by 468.6% during the fourth quarter. Silver Oak Securities Incorporated now owns 1,177 shares of the company’s stock valued at $128,000 after purchasing an additional 970 shares during the last quarter. Affinity Wealth Management LLC bought a new position in shares of Invesco Dorsey Wright Momentum ETF during the fourth quarter valued at approximately $200,000. Finally, Trueblood Wealth Management LLC bought a new position in shares of Invesco Dorsey Wright Momentum ETF during the third quarter valued at approximately $203,000.

Invesco Dorsey Wright Momentum ETF Trading Down 0.8 %

NASDAQ:PDP opened at $113.18 on Thursday. The firm has a market capitalization of $1.39 billion, a PE ratio of 26.00 and a beta of 1.02. The stock has a 50 day moving average of $111.79 and a 200-day moving average of $106.74. Invesco Dorsey Wright Momentum ETF has a 52 week low of $89.46 and a 52 week high of $117.67.

Invesco Dorsey Wright Momentum ETF Announces Dividend

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

About Invesco Dorsey Wright Momentum ETF

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.