MTM Investment Management LLC Sells 1,464 Shares of Invesco Dorsey Wright Momentum ETF $PDP

MTM Investment Management LLC decreased its holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 4.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 30,942 shares of the company’s stock after selling 1,464 shares during the quarter. Invesco Dorsey Wright Momentum ETF comprises approximately 1.1% of MTM Investment Management LLC’s holdings, making the stock its 20th largest position. MTM Investment Management LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $3,360,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PDP. Red Tortoise LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF in the second quarter valued at about $27,000. Costello Asset Management INC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 1st quarter valued at approximately $63,000. WealthShield Partners LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 1st quarter valued at approximately $70,000. Ameritas Advisory Services LLC acquired a new position in Invesco Dorsey Wright Momentum ETF during the 2nd quarter worth approximately $114,000. Finally, Assetmark Inc. bought a new position in Invesco Dorsey Wright Momentum ETF in the 2nd quarter valued at approximately $193,000.

Invesco Dorsey Wright Momentum ETF Price Performance

Shares of Invesco Dorsey Wright Momentum ETF stock opened at $113.08 on Friday. The company’s 50 day moving average price is $118.09 and its two-hundred day moving average price is $111.59. The firm has a market capitalization of $1.28 billion, a P/E ratio of 28.67 and a beta of 1.13. Invesco Dorsey Wright Momentum ETF has a fifty-two week low of $86.41 and a fifty-two week high of $123.91.

Invesco Dorsey Wright Momentum ETF Increases Dividend

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

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.