Apollon Financial LLC Raises Stock Position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Apollon Financial LLC boosted its position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 11.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,716 shares of the company’s stock after purchasing an additional 284 shares during the period. Apollon Financial LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $272,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PDP. Russell Investments Group Ltd. purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at approximately $32,000. GeoWealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at approximately $41,000. Harbour Investments Inc. raised its stake in shares of Invesco Dorsey Wright Momentum ETF by 206.2% in the 4th quarter. Harbour Investments Inc. now owns 594 shares of the company’s stock valued at $64,000 after acquiring an additional 400 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at approximately $144,000. Finally, Allworth Financial LP raised its stake in shares of Invesco Dorsey Wright Momentum ETF by 21.6% in the 1st quarter. Allworth Financial LP now owns 1,615 shares of the company’s stock valued at $160,000 after acquiring an additional 287 shares during the period.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of PDP stock opened at $110.14 on Tuesday. The stock has a market capitalization of $1.29 billion, a P/E ratio of 28.67 and a beta of 1.02. The company has a 50 day moving average price of $105.77 and a 200 day moving average price of $105.25. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were issued a $0.0429 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.16%. This is a boost from Invesco Dorsey Wright Momentum ETF’s previous quarterly dividend of $0.03.

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.