Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Shares Sold by TKG Advisors LLC

TKG Advisors LLC cut its holdings in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 2.4% in the fourth quarter, HoldingsChannel reports. The firm owned 4,074 shares of the company’s stock after selling 99 shares during the period. TKG Advisors LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in PDP. Global Retirement Partners LLC lifted its holdings in Invesco Dorsey Wright Momentum ETF by 9,603.2% in the fourth quarter. Global Retirement Partners LLC now owns 17,951 shares of the company’s stock valued at $1,932,000 after acquiring an additional 17,766 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Invesco Dorsey Wright Momentum ETF by 6.6% during the 4th quarter. D.A. Davidson & CO. now owns 23,076 shares of the company’s stock valued at $2,483,000 after purchasing an additional 1,427 shares in the last quarter. Truist Financial Corp lifted its stake in shares of Invesco Dorsey Wright Momentum ETF by 11.7% in the 4th quarter. Truist Financial Corp now owns 29,558 shares of the company’s stock valued at $3,181,000 after purchasing an additional 3,090 shares during the period. Allworth Financial LP boosted its holdings in Invesco Dorsey Wright Momentum ETF by 15.2% during the fourth quarter. Allworth Financial LP now owns 1,328 shares of the company’s stock worth $154,000 after buying an additional 175 shares in the last quarter. Finally, Lord & Richards Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF during the fourth quarter valued at $464,000.

Invesco Dorsey Wright Momentum ETF Stock Performance

PDP opened at $116.13 on Wednesday. The company has a fifty day moving average of $111.82 and a two-hundred day moving average of $107.36. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a fifty-two week low of $89.93 and a fifty-two week high of $117.67.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The firm also recently declared 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.

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.