Affinity Wealth Management LLC Invests $200,000 in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Affinity Wealth Management LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,863 shares of the company’s stock, valued at approximately $200,000.

Several other large investors also recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its position in Invesco Dorsey Wright Momentum ETF by 3.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 181,672 shares of the company’s stock worth $19,550,000 after purchasing an additional 6,302 shares during the period. Transform Wealth LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter worth $253,000. Financial Management Professionals Inc. purchased a new stake in Invesco Dorsey Wright Momentum ETF during the fourth quarter valued at $2,430,000. Merit Financial Group LLC lifted its holdings in Invesco Dorsey Wright Momentum ETF by 39.6% in the fourth quarter. Merit Financial Group LLC now owns 12,178 shares of the company’s stock valued at $1,310,000 after acquiring an additional 3,453 shares during the period. Finally, Tallon Kerry Patrick purchased a new position in Invesco Dorsey Wright Momentum ETF in the fourth quarter worth about $216,000.

Invesco Dorsey Wright Momentum ETF Stock Down 0.3 %

Invesco Dorsey Wright Momentum ETF stock opened at $115.59 on Friday. The business has a 50-day simple moving average of $112.34 and a two-hundred day simple moving average of $105.41. Invesco Dorsey Wright Momentum ETF has a 52-week low of $86.71 and a 52-week high of $117.67. The company has a market cap of $1.42 billion, a P/E ratio of 26.00 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The firm also recently announced 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.

About Invesco Dorsey Wright Momentum ETF

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.