Ameritas Advisory Services LLC Takes $114,000 Position in Invesco Dorsey Wright Momentum ETF $PDP

Ameritas Advisory Services LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,053 shares of the company’s stock, valued at approximately $114,000.

A number of other institutional investors have also recently modified their holdings of PDP. Summit Financial LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 1st quarter worth $20,490,000. LPL Financial LLC lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 52.7% during the 1st quarter. LPL Financial LLC now owns 354,067 shares of the company’s stock worth $35,400,000 after buying an additional 122,164 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 17.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 101,271 shares of the company’s stock worth $10,125,000 after buying an additional 14,685 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 1st quarter worth $1,122,000. Finally, HB Wealth Management LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 1st quarter worth $926,000.

Invesco Dorsey Wright Momentum ETF Stock Down 0.7%

Shares of PDP stock opened at $119.98 on Friday. Invesco Dorsey Wright Momentum ETF has a twelve month low of $86.41 and a twelve month high of $120.77. The company has a market cap of $1.36 billion, a P/E ratio of 28.67 and a beta of 1.02. The business has a fifty day simple moving average of $114.15 and a 200 day simple moving average of $107.45.

Invesco Dorsey Wright Momentum ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a dividend of $0.1134 per share. The ex-dividend date was Monday, September 22nd. This represents a $0.45 annualized dividend and a dividend yield of 0.4%. This is an increase from Invesco Dorsey Wright Momentum ETF’s previous quarterly dividend of $0.04.

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.