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

Raymond James & Associates increased its position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 2.0% in the 1st quarter, Holdings Channel reports. The firm owned 589,914 shares of the company’s stock after buying an additional 11,388 shares during the quarter. Raymond James & Associates’ holdings in Invesco Dorsey Wright Momentum ETF were worth $58,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Carolina Wealth Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the first quarter worth approximately $39,000. Capital Investment Counsel Inc acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 3rd quarter valued at about $36,000. Northwest Financial Advisors acquired a new stake in Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at approximately $50,000. Anchor Investment Management LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter worth $73,000. Finally, Concourse Financial Group Securities Inc. bought a new stake in Invesco Dorsey Wright Momentum ETF during the 3rd quarter worth about $167,000.

Invesco Dorsey Wright Momentum ETF Stock Performance

PDP traded up $1.09 during trading on Friday, reaching $94.18. 31,138 shares of the 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 cap of $1.21 billion, a P/E ratio of 25.02 and a beta of 1.02. The stock’s 50 day moving average price is $95.65 and its two-hundred day moving average price is $87.61.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

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

Invesco Dorsey Wright 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.