Capital Wealth Alliance LLC Invests $478,000 in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Capital Wealth Alliance LLC acquired a new position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,436 shares of the company’s stock, valued at approximately $478,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of PDP. Wilmington Savings Fund Society FSB acquired a new position in shares of Invesco Dorsey Wright Momentum ETF during the third quarter valued at $83,000. Silver Oak Securities Incorporated lifted its position in Invesco Dorsey Wright Momentum ETF by 468.6% during the 4th quarter. Silver Oak Securities Incorporated now owns 1,177 shares of the company’s stock valued at $128,000 after purchasing an additional 970 shares during the period. Affinity Wealth Management LLC bought a new position in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at about $200,000. Trueblood Wealth Management LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 3rd quarter worth approximately $203,000. Finally, CWC Advisors LLC. acquired a new position in Invesco Dorsey Wright Momentum ETF in the third quarter valued at approximately $207,000.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Momentum ETF stock opened at $115.26 on Tuesday. Invesco Dorsey Wright Momentum ETF has a 52 week low of $89.46 and a 52 week high of $117.67. The firm has a fifty day moving average of $111.93 and a two-hundred day moving average of $106.57. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Announces Dividend

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