MGB Wealth Management LLC Raises Position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

MGB Wealth Management LLC boosted its holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,896 shares of the company’s stock after purchasing an additional 1,900 shares during the period. MGB Wealth Management LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $2,033,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Keener Financial Planning LLC bought a new stake in Invesco Dorsey Wright Momentum ETF in the 4th quarter worth $27,000. Capital Wealth Alliance LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter worth about $478,000. Realta Investment Advisors increased its holdings in Invesco Dorsey Wright Momentum ETF by 15.8% during the 4th quarter. Realta Investment Advisors now owns 2,965 shares of the company’s stock valued at $325,000 after purchasing an additional 405 shares during the period. Silver Oak Securities Incorporated increased its holdings in Invesco Dorsey Wright Momentum ETF by 468.6% during the 4th quarter. Silver Oak Securities Incorporated now owns 1,177 shares of the company’s stock valued at $128,000 after purchasing an additional 970 shares during the period. Finally, Win Advisors Inc. bought a new position in Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at approximately $3,879,000.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of PDP stock opened at $113.18 on Thursday. Invesco Dorsey Wright Momentum ETF has a fifty-two week low of $89.46 and a fifty-two week high of $117.67. The firm has a market cap of $1.39 billion, a P/E ratio of 26.00 and a beta of 1.02. The business’s 50 day moving average price is $111.79 and its 200-day moving average price is $106.74.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were given a dividend of $0.1344 per share. The ex-dividend date 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.