International Assets Investment Management LLC Buys Shares of 41,708 Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

International Assets Investment Management LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 41,708 shares of the company’s stock, valued at approximately $3,566,000. International Assets Investment Management LLC owned about 0.32% of Invesco Dorsey Wright Momentum ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Invesco Dorsey Wright Momentum ETF by 2.2% in the first quarter. JPMorgan Chase & Co. now owns 92,923 shares of the company’s stock worth $7,529,000 after purchasing an additional 1,960 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Invesco Dorsey Wright Momentum ETF by 23.9% in the first quarter. PNC Financial Services Group Inc. now owns 4,781 shares of the company’s stock worth $387,000 after purchasing an additional 923 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Invesco Dorsey Wright Momentum ETF by 14.6% in the first quarter. NewEdge Advisors LLC now owns 211,170 shares of the company’s stock worth $17,109,000 after purchasing an additional 26,842 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the first quarter worth $697,000. Finally, Fort Point Capital Partners LLC increased its stake in shares of Invesco Dorsey Wright Momentum ETF by 5.2% in the first quarter. Fort Point Capital Partners LLC now owns 19,893 shares of the company’s stock worth $1,612,000 after purchasing an additional 980 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Price Performance

Shares of NASDAQ PDP opened at $92.78 on Thursday. The firm has a fifty day moving average price of $95.37 and a 200-day moving average price of $86.35. The stock has a market cap of $1.20 billion, a PE ratio of 25.46 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a 1 year low of $72.68 and a 1 year high of $99.60.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

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

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.