Sapient Capital LLC Takes Position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Sapient Capital LLC purchased a new position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,454 shares of the company’s stock, valued at approximately $295,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Investment Counsel Inc acquired a new position in Invesco Dorsey Wright Momentum ETF in the 3rd quarter valued at approximately $36,000. Anchor Investment Management LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter worth $73,000. Concourse Financial Group Securities Inc. acquired a new stake in Invesco Dorsey Wright Momentum ETF in the third quarter valued at $167,000. Perigon Wealth Management LLC bought a new position in Invesco Dorsey Wright Momentum ETF during the 4th quarter worth $201,000. Finally, Arkadios Wealth Advisors acquired a new position in Invesco Dorsey Wright Momentum ETF during the 4th quarter worth about $216,000.

Invesco Dorsey Wright Momentum ETF Price Performance

Shares of PDP opened at $95.88 on Tuesday. The business has a 50-day moving average of $95.68 and a 200-day moving average of $87.90. Invesco Dorsey Wright Momentum ETF has a 1 year low of $72.68 and a 1 year high of $99.60. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 25.02 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were given a $0.0275 dividend. The ex-dividend date was Monday, March 18th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.11%.

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.