Tallon Kerry Patrick Makes New $216,000 Investment in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Tallon Kerry Patrick bought a new stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $216,000.

Several other hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in shares of Invesco Dorsey Wright Momentum ETF by 0.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 84,083 shares of the company’s stock valued at $8,682,000 after buying an additional 329 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 3rd quarter valued at about $83,000. World Investment Advisors LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 3rd quarter valued at about $340,000. MML Investors Services LLC raised its position in shares of Invesco Dorsey Wright Momentum ETF by 24.0% during the 3rd quarter. MML Investors Services LLC now owns 27,932 shares of the company’s stock valued at $2,884,000 after buying an additional 5,413 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Invesco Dorsey Wright Momentum ETF by 3.5% during the 3rd quarter. HighTower Advisors LLC now owns 3,966 shares of the company’s stock valued at $410,000 after buying an additional 133 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Price Performance

Invesco Dorsey Wright Momentum ETF stock opened at $111.80 on Friday. Invesco Dorsey Wright Momentum ETF has a 1-year low of $83.91 and a 1-year high of $117.67. The firm has a market capitalization of $1.37 billion, a P/E ratio of 26.00 and a beta of 1.02. The company’s 50-day moving average is $112.12 and its 200 day moving average is $104.69.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

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

Invesco Dorsey Wright Momentum ETF 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.