Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. cut its holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,362 shares of the company’s stock after selling 149 shares during the quarter. Focus Financial Network Inc. owned about 0.06% of Invesco Dorsey Wright Momentum ETF worth $792,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Win Advisors Inc. acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the fourth quarter worth $3,879,000. Financial Management Professionals Inc. purchased a new position in Invesco Dorsey Wright Momentum ETF during the 4th quarter worth $2,430,000. Benjamin Edwards Inc. acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 3rd quarter worth $1,102,000. Ibex Wealth Advisors purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter valued at about $892,000. Finally, Raymond James & Associates boosted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 1.4% in the third quarter. Raymond James & Associates now owns 595,138 shares of the company’s stock valued at $61,454,000 after acquiring an additional 7,932 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Down 0.8 %

NASDAQ PDP opened at $113.18 on Thursday. The stock has a market capitalization of $1.39 billion, a P/E ratio of 26.00 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a 52-week low of $89.46 and a 52-week high of $117.67. The firm has a 50-day moving average price of $111.79 and a 200 day moving average price of $106.74.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were issued a $0.1344 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.