Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Stock Position Reduced by MorganRosel Wealth Management LLC

MorganRosel Wealth Management LLC cut its stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 0.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,583 shares of the company’s stock after selling 165 shares during the period. Invesco Dorsey Wright Momentum ETF comprises approximately 0.8% of MorganRosel Wealth Management LLC’s holdings, making the stock its 28th largest position. MorganRosel Wealth Management LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $2,430,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PDP. Creative Planning grew its position in 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 in the last quarter. Arkadios Wealth Advisors lifted its stake in Invesco Dorsey Wright Momentum ETF by 112.6% in the third quarter. Arkadios Wealth Advisors now owns 10,227 shares of the company’s stock valued at $1,056,000 after acquiring an additional 5,416 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Invesco Dorsey Wright Momentum ETF by 0.5% in the third quarter. Janney Montgomery Scott LLC now owns 175,370 shares of the company’s stock valued at $18,109,000 after acquiring an additional 886 shares during the last quarter. LJI Wealth Management LLC lifted its stake in Invesco Dorsey Wright Momentum ETF by 0.6% in the third quarter. LJI Wealth Management LLC now owns 92,610 shares of the company’s stock valued at $9,563,000 after acquiring an additional 583 shares during the last quarter. Finally, Nwam LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF in the third quarter valued at approximately $415,000.

Invesco Dorsey Wright Momentum ETF Stock Down 1.0 %

NASDAQ PDP opened at $107.68 on Tuesday. The stock has a market capitalization of $1.32 billion, a PE ratio of 32.44 and a beta of 1.02. The company has a 50 day moving average price of $111.61 and a two-hundred day moving average price of $107.87. 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 Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a $0.1344 dividend. 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.