Janney Montgomery Scott LLC Grows Stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Janney Montgomery Scott LLC lifted its stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,672 shares of the company’s stock after purchasing an additional 6,302 shares during the quarter. Janney Montgomery Scott LLC owned 1.48% of Invesco Dorsey Wright Momentum ETF worth $19,550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco Dorsey Wright Momentum ETF during the third quarter valued at $83,000. Trueblood Wealth Management LLC purchased a new position in Invesco Dorsey Wright Momentum ETF in the 3rd quarter worth about $203,000. CWC Advisors LLC. bought a new position in Invesco Dorsey Wright Momentum ETF during the 3rd quarter valued at about $207,000. Tallon Kerry Patrick purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at about $216,000. Finally, Transform Wealth LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter worth approximately $253,000.

Invesco Dorsey Wright Momentum ETF Stock Down 0.3 %

PDP opened at $115.59 on Friday. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a twelve month low of $86.71 and a twelve month high of $117.67. The firm has a 50 day moving average price of $112.34 and a 200-day moving average price of $105.41.

Invesco Dorsey Wright Momentum ETF Announces Dividend

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