IFP Advisors Inc Cuts Position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

IFP Advisors Inc lessened its holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,633 shares of the company’s stock after selling 761 shares during the period. IFP Advisors Inc’s holdings in Invesco Dorsey Wright Momentum ETF were worth $498,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of PDP. Creative Planning increased its stake in shares of Invesco Dorsey Wright Momentum ETF by 7.2% in the 3rd quarter. Creative Planning now owns 5,921 shares of the company’s stock valued at $611,000 after purchasing an additional 396 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Invesco Dorsey Wright Momentum ETF by 0.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 175,370 shares of the company’s stock valued at $18,109,000 after purchasing an additional 886 shares in the last quarter. LJI Wealth Management LLC increased its stake in Invesco Dorsey Wright Momentum ETF by 0.6% during the 3rd quarter. LJI Wealth Management LLC now owns 92,610 shares of the company’s stock worth $9,563,000 after buying an additional 583 shares in the last quarter. Nwam LLC purchased a new stake in Invesco Dorsey Wright Momentum ETF during the 3rd quarter worth approximately $415,000. Finally, Estate Counselors LLC purchased a new stake in Invesco Dorsey Wright Momentum ETF during the 3rd quarter worth approximately $356,000.

Invesco Dorsey Wright Momentum ETF Trading Up 1.7 %

NASDAQ:PDP opened at $107.46 on Friday. Invesco Dorsey Wright Momentum ETF has a 12 month low of $89.93 and a 12 month high of $117.67. The stock has a 50 day moving average of $111.44 and a two-hundred day moving average of $107.93. The firm has a market cap of $1.32 billion, a P/E ratio of 32.44 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders 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.