PMG Wealth Management Inc. Invests $690,000 in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

PMG Wealth Management Inc. acquired a new stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,414 shares of the company’s stock, valued at approximately $690,000. Invesco Dorsey Wright Momentum ETF accounts for about 0.6% of PMG Wealth Management Inc.’s investment portfolio, making the stock its 26th biggest holding. PMG Wealth Management Inc. owned 0.05% of Invesco Dorsey Wright Momentum ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. HighTower Advisors LLC raised its position in Invesco Dorsey Wright Momentum ETF by 3.5% in the 3rd quarter. HighTower Advisors LLC now owns 3,966 shares of the company’s stock valued at $410,000 after purchasing an additional 133 shares in the last quarter. Allworth Financial LP raised its holdings in Invesco Dorsey Wright Momentum ETF by 15.2% in the fourth quarter. Allworth Financial LP now owns 1,328 shares of the company’s stock valued at $154,000 after acquiring an additional 175 shares in the last quarter. PFG Investments LLC lifted its stake in Invesco Dorsey Wright Momentum ETF by 0.9% in the third quarter. PFG Investments LLC now owns 24,275 shares of the company’s stock worth $2,507,000 after acquiring an additional 205 shares during the last quarter. Keener Financial Planning LLC acquired a new position in Invesco Dorsey Wright Momentum ETF during the 4th quarter worth approximately $27,000. Finally, JPMorgan Chase & Co. increased its position in shares of Invesco Dorsey Wright Momentum ETF by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 84,083 shares of the company’s stock valued at $8,682,000 after purchasing an additional 329 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Trading Down 3.6 %

Invesco Dorsey Wright Momentum ETF stock opened at $108.80 on Friday. The company has a fifty day simple moving average of $111.74 and a 200-day simple moving average of $107.57. The stock has a market cap of $1.33 billion, a P/E ratio of 32.44 and a beta of 1.09. Invesco Dorsey Wright Momentum ETF has a 12-month low of $89.93 and a 12-month 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. Stockholders of record on Monday, December 23rd were issued a $0.1344 dividend. The ex-dividend date was Monday, December 23rd.

Invesco Dorsey Wright Momentum ETF Company 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.