Raymond James Financial Inc. Makes New $80.48 Million Investment in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Raymond James Financial Inc. purchased a new position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 747,904 shares of the company’s stock, valued at approximately $80,482,000. Raymond James Financial Inc. owned approximately 6.09% of Invesco Dorsey Wright Momentum ETF as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LJI Wealth Management LLC raised its position in shares of Invesco Dorsey Wright Momentum ETF by 0.6% during the third quarter. LJI Wealth Management LLC now owns 92,610 shares of the company’s stock worth $9,563,000 after purchasing an additional 583 shares during the period. Nwam LLC acquired a new position in shares of Invesco Dorsey Wright Momentum ETF during the third quarter worth approximately $415,000. Estate Counselors LLC acquired a new position in shares of Invesco Dorsey Wright Momentum ETF during the third quarter worth approximately $356,000. FMR LLC raised its position in shares of Invesco Dorsey Wright Momentum ETF by 10.7% during the third quarter. FMR LLC now owns 6,953 shares of the company’s stock worth $718,000 after purchasing an additional 671 shares during the period. Finally, Tradition Wealth Management LLC raised its position in shares of Invesco Dorsey Wright Momentum ETF by 3.0% during the third quarter. Tradition Wealth Management LLC now owns 64,263 shares of the company’s stock worth $6,636,000 after purchasing an additional 1,862 shares during the period.

Invesco Dorsey Wright Momentum ETF Trading Up 0.4 %

NASDAQ PDP opened at $100.67 on Monday. The firm has a market capitalization of $1.24 billion, a P/E ratio of 32.44 and a beta of 1.02. The business has a fifty day simple moving average of $110.62 and a 200 day simple moving average of $108.27. 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 business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given 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.