Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Plans Quarterly Dividend of $0.04

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) announced a quarterly dividend on Monday, June 23rd, NASDAQ Dividends reports. Shareholders of record on Monday, June 23rd will be paid a dividend of 0.0429 per share on Friday, June 27th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.16%. The ex-dividend date of this dividend is Monday, June 23rd. This is a 55.8% increase from Invesco Dorsey Wright Momentum ETF’s previous quarterly dividend of $0.03.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of NASDAQ PDP traded up $1.57 during mid-day trading on Monday, reaching $106.17. 28,027 shares of the company traded hands, compared to its average volume of 21,418. The company’s fifty day moving average is $102.71 and its two-hundred day moving average is $105.67. Invesco Dorsey Wright Momentum ETF has a fifty-two week low of $86.41 and a fifty-two week high of $117.67. The stock has a market cap of $1.26 billion, a PE ratio of 27.88 and a beta of 1.02.

Institutional Trading of Invesco Dorsey Wright Momentum ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp raised its holdings in Invesco Dorsey Wright Momentum ETF by 14.7% in the 1st quarter. Jones Financial Companies Lllp now owns 2,056 shares of the company’s stock worth $206,000 after acquiring an additional 264 shares during the period. Jane Street Group LLC boosted its holdings in Invesco Dorsey Wright Momentum ETF by 41.2% during the first quarter. Jane Street Group LLC now owns 8,288 shares of the company’s stock valued at $829,000 after acquiring an additional 2,418 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the first quarter valued at about $775,000.

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.