NewSquare Capital LLC Has $35.93 Million Position in Invesco DWA Momentum ETF (PDP)

NewSquare Capital LLC boosted its holdings in Invesco DWA Momentum ETF (NASDAQ:PDP) by 8.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 602,866 shares of the company’s stock after buying an additional 49,154 shares during the period. Invesco DWA Momentum ETF accounts for approximately 6.8% of NewSquare Capital LLC’s holdings, making the stock its biggest position. NewSquare Capital LLC’s holdings in Invesco DWA Momentum ETF were worth $35,925,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Live Your Vision LLC increased its stake in Invesco DWA Momentum ETF by 10.9% in the 2nd quarter. Live Your Vision LLC now owns 15,951 shares of the company’s stock worth $898,000 after buying an additional 1,570 shares in the last quarter. Fortis Advisors LLC grew its position in shares of Invesco DWA Momentum ETF by 17.3% during the second quarter. Fortis Advisors LLC now owns 13,324 shares of the company’s stock valued at $737,000 after purchasing an additional 1,968 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Invesco DWA Momentum ETF by 47.3% during the second quarter. PNC Financial Services Group Inc. now owns 6,687 shares of the company’s stock valued at $370,000 after purchasing an additional 2,147 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Invesco DWA Momentum ETF by 4.4% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 50,705 shares of the company’s stock valued at $2,670,000 after purchasing an additional 2,151 shares in the last quarter. Finally, Blair William & Co. IL grew its position in shares of Invesco DWA Momentum ETF by 6.7% during the first quarter. Blair William & Co. IL now owns 43,686 shares of the company’s stock valued at $2,301,000 after purchasing an additional 2,735 shares in the last quarter.

Shares of Invesco DWA Momentum ETF stock traded down $0.49 during trading on Friday, reaching $54.08. 2,954 shares of the stock traded hands, compared to its average volume of 106,814. Invesco DWA Momentum ETF has a 52-week low of $49.44 and a 52-week high of $60.23.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Tuesday, September 25th were given a dividend of $0.0074 per share. The ex-dividend date was Monday, September 24th. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.05%.

Invesco DWA 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.

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Institutional Ownership by Quarter for Invesco DWA Momentum ETF (NASDAQ:PDP)

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