Stifel Financial Corp Trims Holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Stifel Financial Corp lowered its position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 0.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 79,258 shares of the company’s stock after selling 574 shares during the period. Stifel Financial Corp’s holdings in Invesco Dorsey Wright Momentum ETF were worth $8,529,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of PDP. OneDigital Investment Advisors LLC acquired a new position in Invesco Dorsey Wright Momentum ETF in the fourth quarter valued at approximately $306,000. MML Investors Services LLC increased its holdings in shares of Invesco Dorsey Wright Momentum ETF by 11.3% during the 4th quarter. MML Investors Services LLC now owns 31,102 shares of the company’s stock valued at $3,347,000 after purchasing an additional 3,170 shares in the last quarter. GeoWealth Management LLC acquired a new position in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at $41,000. Keystone Financial Group purchased a new stake in Invesco Dorsey Wright Momentum ETF during the fourth quarter worth $298,000. Finally, Russell Investments Group Ltd. purchased a new stake in Invesco Dorsey Wright Momentum ETF during the fourth quarter worth $32,000.

Invesco Dorsey Wright Momentum ETF Stock Performance

PDP opened at $98.52 on Monday. The company has a fifty day moving average of $100.10 and a two-hundred day moving average of $107.38. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 26.73 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a fifty-two week low of $86.41 and a fifty-two week high of $117.67.

Invesco Dorsey Wright Momentum ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.0458 dividend. The ex-dividend date was Monday, March 24th.

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.