Lord & Richards Wealth Management LLC Takes Position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Lord & Richards Wealth Management LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,315 shares of the company’s stock, valued at approximately $464,000.

Several other institutional investors have also recently made changes to their positions in PDP. Creative Planning raised its holdings in shares of Invesco Dorsey Wright Momentum ETF by 7.2% during the third quarter. Creative Planning now owns 5,921 shares of the company’s stock valued at $611,000 after purchasing an additional 396 shares during the period. Raymond James & Associates increased its position in shares of Invesco Dorsey Wright Momentum ETF by 1.4% during the third quarter. Raymond James & Associates now owns 595,138 shares of the company’s stock worth $61,454,000 after acquiring an additional 7,932 shares in the last quarter. Global Assets Advisory LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the third quarter worth about $329,000. Trueblood Wealth Management LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the third quarter worth about $203,000. Finally, CWC Advisors LLC. bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the third quarter worth about $207,000.

Invesco Dorsey Wright Momentum ETF Price Performance

NASDAQ:PDP opened at $115.85 on Friday. The firm has a 50-day moving average of $111.73 and a 200-day moving average of $106.93. The company has a market cap of $1.42 billion, a PE ratio of 26.00 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a one year low of $89.93 and a one year high of $117.67.

Invesco Dorsey Wright Momentum ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given 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.