Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. lowered its stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,362 shares of the company’s stock after selling 149 shares during the period. Focus Financial Network Inc.’s holdings in Invesco Dorsey Wright Momentum ETF were worth $792,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 10.7% in the third quarter. FMR LLC now owns 6,953 shares of the company’s stock valued at $718,000 after purchasing an additional 671 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in 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 buying an additional 329 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Invesco Dorsey Wright Momentum ETF by 8.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 5,376 shares of the company’s stock valued at $579,000 after buying an additional 406 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Invesco Dorsey Wright Momentum ETF by 3.5% during the third quarter. HighTower Advisors LLC now owns 3,966 shares of the company’s stock valued at $410,000 after acquiring an additional 133 shares during the last quarter. Finally, Merit Financial Group LLC increased its position in Invesco Dorsey Wright Momentum ETF by 39.6% during the 4th quarter. Merit Financial Group LLC now owns 12,178 shares of the company’s stock worth $1,310,000 after purchasing an additional 3,453 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Trading Down 0.8 %

Shares of PDP stock opened at $113.18 on Thursday. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a twelve month low of $89.46 and a twelve month high of $117.67. The firm has a 50-day moving average price of $111.79 and a 200 day moving average price of $106.74.

Invesco Dorsey Wright Momentum ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a $0.1344 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco Dorsey Wright Momentum ETF

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.