Welch & Forbes LLC Sells 503 Shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Welch & Forbes LLC decreased its holdings in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 17.2% in the fourth quarter, Holdings Channel reports. The firm owned 2,419 shares of the company’s stock after selling 503 shares during the quarter. Welch & Forbes LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Investment Counsel Inc acquired a new position in shares of Invesco Dorsey Wright Momentum ETF during the third quarter valued at $36,000. Anchor Investment Management LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at $73,000. Concourse Financial Group Securities Inc. bought a new stake in Invesco Dorsey Wright Momentum ETF during the 3rd quarter worth approximately $167,000. Perigon Wealth Management LLC bought a new position in Invesco Dorsey Wright Momentum ETF in the fourth quarter valued at approximately $201,000. Finally, Arkadios Wealth Advisors bought a new position in Invesco Dorsey Wright Momentum ETF during the 4th quarter worth about $216,000.

Invesco Dorsey Wright Momentum ETF Stock Performance

NASDAQ PDP traded down $0.33 during trading on Wednesday, hitting $95.43. The stock had a trading volume of 8,584 shares, compared to its average volume of 26,208. The company has a market capitalization of $1.23 billion, a PE ratio of 25.02 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a 12 month low of $72.68 and a 12 month high of $99.60. The company’s 50-day moving average price is $95.71 and its two-hundred day moving average price is $88.05.

Invesco Dorsey Wright Momentum ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.0275 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Monday, March 18th.

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.