Lord & Richards Wealth Management LLC Makes New Investment in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Lord & Richards Wealth Management LLC purchased a new position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,315 shares of the company’s stock, valued at approximately $464,000.

A number of other large investors have also 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% in the 3rd quarter. HighTower Advisors LLC now owns 3,966 shares of the company’s stock worth $410,000 after purchasing an additional 133 shares during the period. PFG Investments LLC lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 0.9% in the 3rd quarter. PFG Investments LLC now owns 24,275 shares of the company’s stock worth $2,507,000 after purchasing an additional 205 shares during the period. Keener Financial Planning LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter worth about $27,000. JPMorgan Chase & Co. lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 84,083 shares of the company’s stock worth $8,682,000 after purchasing an additional 329 shares during the period. Finally, Creative Planning lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 7.2% in the 3rd quarter. Creative Planning now owns 5,921 shares of the company’s stock worth $611,000 after purchasing an additional 396 shares during the period.

Invesco Dorsey Wright Momentum ETF Trading Up 0.3 %

NASDAQ:PDP opened at $115.85 on Friday. Invesco Dorsey Wright Momentum ETF has a 12 month low of $89.93 and a 12 month high of $117.67. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02. The company has a 50-day moving average price of $111.73 and a 200-day moving average price of $106.93.

Invesco Dorsey Wright Momentum ETF Announces Dividend

The firm 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 of this dividend 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.