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

Affinity Wealth Management LLC purchased a new stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) in the fourth quarter, Holdings Channel reports. The firm purchased 1,863 shares of the company’s stock, valued at approximately $200,000.

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

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of PDP opened at $115.59 on Friday. The company 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 has a fifty-two week low of $86.71 and a fifty-two week high of $117.67. The stock has a market capitalization of $1.42 billion, a PE ratio of 26.00 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a $0.1344 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco Dorsey Wright Momentum ETF Company 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.