Invesco Dorsey Wright Momentum ETF $PDP Shares Bought by LJI Wealth Management LLC

LJI Wealth Management LLC raised its holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 4.0% in the second quarter, Holdings Channel.com reports. The fund owned 73,556 shares of the company’s stock after buying an additional 2,836 shares during the quarter. Invesco Dorsey Wright Momentum ETF makes up 1.4% of LJI Wealth Management LLC’s investment portfolio, making the stock its 13th largest position. LJI Wealth Management LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $7,987,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. G&S Capital LLC raised its stake in shares of Invesco Dorsey Wright Momentum ETF by 8.4% during the 1st quarter. G&S Capital LLC now owns 27,074 shares of the company’s stock worth $2,707,000 after buying an additional 2,097 shares during the last quarter. Allworth Financial LP raised its stake in shares of Invesco Dorsey Wright Momentum ETF by 21.6% during the 1st quarter. Allworth Financial LP now owns 1,615 shares of the company’s stock worth $160,000 after buying an additional 287 shares during the last quarter. Realta Investment Advisors raised its stake in shares of Invesco Dorsey Wright Momentum ETF by 53.2% during the 1st quarter. Realta Investment Advisors now owns 4,541 shares of the company’s stock worth $454,000 after buying an additional 1,576 shares during the last quarter. Apollon Financial LLC raised its stake in shares of Invesco Dorsey Wright Momentum ETF by 11.7% during the 1st quarter. Apollon Financial LLC now owns 2,716 shares of the company’s stock worth $272,000 after buying an additional 284 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its stake in shares of Invesco Dorsey Wright Momentum ETF by 10.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 2,876 shares of the company’s stock worth $288,000 after buying an additional 276 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Up 2.5%

NASDAQ:PDP opened at $119.12 on Friday. The company has a market capitalization of $1.35 billion, a PE ratio of 28.67 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a 52-week low of $86.41 and a 52-week high of $122.09. The stock has a fifty day simple moving average of $115.53 and a 200-day simple moving average of $108.82.

Invesco Dorsey Wright Momentum ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.1134 per share. This is a boost from Invesco Dorsey Wright Momentum ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.45 annualized dividend and a dividend yield of 0.4%.

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.