Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Stock Holdings Cut by MTM Investment Management LLC

MTM Investment Management LLC reduced its position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 32,656 shares of the company’s stock after selling 300 shares during the period. Invesco Dorsey Wright Momentum ETF comprises about 1.4% of MTM Investment Management LLC’s investment portfolio, making the stock its 17th biggest holding. MTM Investment Management LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $3,514,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted 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 acquiring an additional 133 shares during the last quarter. PFG Investments LLC lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 0.9% during the 3rd quarter. PFG Investments LLC now owns 24,275 shares of the company’s stock valued at $2,507,000 after acquiring an additional 205 shares during the last quarter. Keener Financial Planning LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at $27,000. JPMorgan Chase & Co. lifted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 84,083 shares of the company’s stock valued at $8,682,000 after purchasing an additional 329 shares in the last quarter. Finally, Creative Planning lifted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 7.2% in the third quarter. Creative Planning now owns 5,921 shares of the company’s stock valued at $611,000 after purchasing an additional 396 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Down 0.8 %

PDP opened at $113.18 on Thursday. The stock has a fifty day moving average of $111.79 and a 200-day moving average of $106.74. The firm 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 12-month low of $89.46 and a 12-month high of $117.67.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The firm also recently announced 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 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.