Kiker Wealth Management LLC Decreases Stock Holdings in Invesco Dorsey Wright Momentum ETF $PDP

Kiker Wealth Management LLC reduced its position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,469 shares of the company’s stock after selling 116 shares during the period. Kiker Wealth Management LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $594,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cetera Investment Advisers lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 2.8% during the 1st quarter. Cetera Investment Advisers now owns 26,103 shares of the company’s stock worth $2,610,000 after purchasing an additional 713 shares during the last quarter. LPL Financial LLC lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 52.7% during the 1st quarter. LPL Financial LLC now owns 354,067 shares of the company’s stock worth $35,400,000 after purchasing an additional 122,164 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Invesco Dorsey Wright Momentum ETF in the first quarter valued at $775,000. PMG Wealth Management Inc. lifted its position in Invesco Dorsey Wright Momentum ETF by 20.1% in the second quarter. PMG Wealth Management Inc. now owns 9,615 shares of the company’s stock valued at $1,044,000 after acquiring an additional 1,607 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Invesco Dorsey Wright Momentum ETF by 17.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 101,271 shares of the company’s stock valued at $10,125,000 after acquiring an additional 14,685 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Price Performance

Shares of PDP opened at $120.05 on Tuesday. Invesco Dorsey Wright Momentum ETF has a 1-year low of $86.41 and a 1-year high of $120.84. The stock has a market cap of $1.36 billion, a PE ratio of 28.67 and a beta of 1.02. The firm has a fifty day moving average price of $114.39 and a 200 day moving average price of $107.74.

Invesco Dorsey Wright Momentum ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a $0.1134 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 0.4%. This is a boost from Invesco Dorsey Wright Momentum ETF’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Monday, September 22nd.

Invesco Dorsey Wright Momentum ETF 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.