PFG Investments LLC Cuts Stock Holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

PFG Investments LLC decreased its holdings in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,665 shares of the company’s stock after selling 1,610 shares during the quarter. PFG Investments LLC owned 0.18% of Invesco Dorsey Wright Momentum ETF worth $2,439,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Invesco Dorsey Wright Momentum ETF during the third quarter worth about $83,000. Affinity Wealth Management LLC purchased a new stake in Invesco Dorsey Wright Momentum ETF in the fourth quarter worth approximately $200,000. Trueblood Wealth Management LLC purchased a new stake in Invesco Dorsey Wright Momentum ETF in the third quarter worth approximately $203,000. CWC Advisors LLC. purchased a new stake in Invesco Dorsey Wright Momentum ETF in the third quarter worth approximately $207,000. Finally, Tallon Kerry Patrick purchased a new stake in Invesco Dorsey Wright Momentum ETF in the fourth quarter worth approximately $216,000.

Invesco Dorsey Wright Momentum ETF Price Performance

Shares of PDP opened at $115.59 on Monday. The firm has a market cap of $1.42 billion, a P/E ratio of 26.00 and a beta of 1.02. The stock has a 50 day simple moving average of $112.34 and a two-hundred day simple moving average of $105.46. Invesco Dorsey Wright Momentum ETF has a 1 year low of $86.71 and a 1 year high of $117.67.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.1344 per share. The ex-dividend date 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.