Estate Counselors LLC raised its holdings in Invesco DWA Momentum ETF (NASDAQ:PDP) by 1.8% during the third quarter, Holdings Channel reports. The institutional investor owned 181,310 shares of the company’s stock after acquiring an additional 3,120 shares during the period. Invesco DWA Momentum ETF accounts for 2.0% of Estate Counselors LLC’s portfolio, making the stock its 21st largest position. Estate Counselors LLC’s holdings in Invesco DWA Momentum ETF were worth $10,804,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PDP. Royal Bank of Canada grew its holdings in shares of Invesco DWA Momentum ETF by 12.0% during the 1st quarter. Royal Bank of Canada now owns 618,630 shares of the company’s stock worth $32,583,000 after purchasing an additional 66,499 shares in the last quarter. CIBC World Markets Inc. acquired a new stake in shares of Invesco DWA Momentum ETF during the 1st quarter worth approximately $2,558,000. Morgan Stanley grew its holdings in shares of Invesco DWA Momentum ETF by 1.8% during the 2nd quarter. Morgan Stanley now owns 1,900,173 shares of the company’s stock worth $105,156,000 after purchasing an additional 33,178 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Invesco DWA Momentum ETF by 91.6% during the 1st quarter. Jane Street Group LLC now owns 55,399 shares of the company’s stock worth $2,918,000 after purchasing an additional 26,482 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Invesco DWA Momentum ETF by 6.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 375,887 shares of the company’s stock worth $20,802,000 after purchasing an additional 22,453 shares in the last quarter.

Shares of NASDAQ:PDP traded down $0.43 during trading on Monday, hitting $54.31. 76,870 shares of the stock were exchanged, compared to its average volume of 106,313. Invesco DWA Momentum ETF has a 1-year low of $49.44 and a 1-year 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 issued a dividend of $0.0074 per share. This represents a $0.03 annualized dividend and a dividend yield of 0.05%. The ex-dividend date of this dividend was Monday, September 24th.

Invesco DWA 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.

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

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