Stratos Wealth Partners LTD. Acquires 370 Shares of Invesco Dorsey Wright Momentum ETF $PDP

Stratos Wealth Partners LTD. increased its holdings in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 8.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,790 shares of the company’s stock after purchasing an additional 370 shares during the period. Stratos Wealth Partners LTD.’s holdings in Invesco Dorsey Wright Momentum ETF were worth $520,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. IFP Advisors Inc lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 2.4% during the 1st quarter. IFP Advisors Inc now owns 4,746 shares of the company’s stock worth $474,000 after buying an additional 113 shares during the last quarter. Focus Financial Network Inc. lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 1.8% during the 2nd quarter. Focus Financial Network Inc. now owns 7,418 shares of the company’s stock worth $806,000 after buying an additional 129 shares during the last quarter. Benjamin Edwards Inc. lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 2.3% during the 1st quarter. Benjamin Edwards Inc. now owns 10,220 shares of the company’s stock worth $1,022,000 after buying an additional 230 shares during the last quarter. Red Tortoise LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 2nd quarter worth $27,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 14.7% during the 1st quarter. Jones Financial Companies Lllp now owns 2,056 shares of the company’s stock worth $206,000 after buying an additional 264 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Up 2.5%

Shares of PDP stock opened at $119.12 on Friday. Invesco Dorsey Wright Momentum ETF has a twelve month low of $86.41 and a twelve month high of $122.09. The business has a fifty day simple moving average of $115.53 and a 200 day simple moving average of $108.82. The company has a market cap of $1.35 billion, a P/E ratio of 28.67 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Increases Dividend

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

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.