Raymond James Financial Inc. Takes $80.48 Million Position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Raymond James Financial Inc. bought a new stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 747,904 shares of the company’s stock, valued at approximately $80,482,000. Raymond James Financial Inc. owned about 0.06% of Invesco Dorsey Wright Momentum ETF at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PDP. LJI Wealth Management LLC increased its position in shares of Invesco Dorsey Wright Momentum ETF by 0.6% during the 3rd quarter. LJI Wealth Management LLC now owns 92,610 shares of the company’s stock valued at $9,563,000 after purchasing an additional 583 shares during the last quarter. Nwam LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 3rd quarter valued at $415,000. Estate Counselors LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 3rd quarter valued at $356,000. FMR LLC increased its position in shares of Invesco Dorsey Wright Momentum ETF by 10.7% during the 3rd quarter. FMR LLC now owns 6,953 shares of the company’s stock valued at $718,000 after purchasing an additional 671 shares during the last quarter. Finally, Tradition Wealth Management LLC increased its position in shares of Invesco Dorsey Wright Momentum ETF by 3.0% during the 3rd quarter. Tradition Wealth Management LLC now owns 64,263 shares of the company’s stock valued at $6,636,000 after purchasing an additional 1,862 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Price Performance

Shares of Invesco Dorsey Wright Momentum ETF stock opened at $100.67 on Monday. Invesco Dorsey Wright Momentum ETF has a 1 year low of $89.93 and a 1 year high of $117.67. The firm has a market cap of $1.24 billion, a PE ratio of 32.44 and a beta of 1.02. The stock has a fifty day moving average price of $110.62 and a 200-day moving average price of $108.27.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid 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.