B. Riley Wealth Advisors Inc. Takes Position in Invesco Dorsey Wright Momentum ETF $PDP

B. Riley Wealth Advisors Inc. purchased a new position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 28,877 shares of the company’s stock, valued at approximately $3,136,000.

Several other large investors have also recently made changes to their positions in the company. Bryn Mawr Trust Advisors LLC purchased a new position in shares of Invesco Dorsey Wright Momentum ETF during the 2nd quarter worth $440,000. Flow Traders U.S. LLC grew its stake in Invesco Dorsey Wright Momentum ETF by 83.7% during the 2nd quarter. Flow Traders U.S. LLC now owns 20,615 shares of the company’s stock worth $2,239,000 after purchasing an additional 9,393 shares in the last quarter. PMG Wealth Management Inc. boosted its stake in shares of Invesco Dorsey Wright Momentum ETF by 20.1% in the 2nd quarter. PMG Wealth Management Inc. now owns 9,615 shares of the company’s stock valued at $1,044,000 after buying an additional 1,607 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Invesco Dorsey Wright Momentum ETF in the first quarter valued at approximately $775,000. Finally, Stratos Wealth Partners LTD. increased its position in shares of Invesco Dorsey Wright Momentum ETF by 8.4% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 4,790 shares of the company’s stock valued at $520,000 after purchasing an additional 370 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of NASDAQ PDP opened at $117.46 on Friday. The firm has a market capitalization of $1.33 billion, a PE 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. The stock’s 50-day simple moving average is $117.75 and its 200-day simple moving average is $113.28.

Invesco Dorsey Wright Momentum ETF Increases Dividend

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

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.