Raymond James & Associates Has $58.27 Million Stock Holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Raymond James & Associates raised its stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 589,914 shares of the company’s stock after buying an additional 11,388 shares during the quarter. Raymond James & Associates owned about 4.57% of Invesco Dorsey Wright Momentum ETF worth $58,272,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 9.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 151,255 shares of the company’s stock worth $11,645,000 after purchasing an additional 12,503 shares in the last quarter. Concourse Financial Group Securities Inc. bought a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 3rd quarter valued at about $167,000. Lunt Capital Management Inc. bought a new position in Invesco Dorsey Wright Momentum ETF during the third quarter worth about $1,554,000. Capital Investment Counsel Inc acquired a new position in Invesco Dorsey Wright Momentum ETF during the third quarter worth approximately $36,000. Finally, Private Advisor Group LLC raised its stake in Invesco Dorsey Wright Momentum ETF by 4.3% in the third quarter. Private Advisor Group LLC now owns 7,271 shares of the company’s stock valued at $560,000 after buying an additional 297 shares during the period.

Invesco Dorsey Wright Momentum ETF Stock Up 1.2 %

Shares of PDP stock traded up $1.09 during trading on Friday, reaching $94.18. 31,138 shares of the company’s stock were exchanged, compared to its average volume of 26,310. Invesco Dorsey Wright Momentum ETF has a twelve month low of $72.68 and a twelve month high of $99.60. The stock has a market capitalization of $1.21 billion, a PE ratio of 25.02 and a beta of 1.02. The firm’s fifty day moving average price is $95.65 and its 200-day moving average price is $87.61.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were paid a $0.0275 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.11 annualized dividend and a dividend yield of 0.12%.

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.