PMG Wealth Management Inc. Buys New Position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

PMG Wealth Management Inc. purchased a new position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,414 shares of the company’s stock, valued at approximately $690,000. Invesco Dorsey Wright Momentum ETF accounts for approximately 0.6% of PMG Wealth Management Inc.’s holdings, making the stock its 26th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in shares of Invesco Dorsey Wright Momentum ETF by 3.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 181,672 shares of the company’s stock worth $19,550,000 after buying an additional 6,302 shares during the last quarter. LJI Wealth Management LLC grew its stake in shares of Invesco Dorsey Wright Momentum ETF by 0.6% in the 3rd quarter. LJI Wealth Management LLC now owns 92,610 shares of the company’s stock valued at $9,563,000 after purchasing an additional 583 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Invesco Dorsey Wright Momentum ETF by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 84,083 shares of the company’s stock valued at $8,682,000 after purchasing an additional 329 shares during the period. Tradition Wealth Management LLC raised its stake in shares of Invesco Dorsey Wright Momentum ETF by 3.0% during the third quarter. Tradition Wealth Management LLC now owns 64,263 shares of the company’s stock worth $6,636,000 after purchasing an additional 1,862 shares during the last quarter. Finally, Win Advisors Inc. acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the fourth quarter worth $3,879,000.

Invesco Dorsey Wright Momentum ETF Price Performance

NASDAQ:PDP opened at $108.80 on Friday. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 32.44 and a beta of 1.09. Invesco Dorsey Wright Momentum ETF has a 1-year low of $89.93 and a 1-year high of $117.67. The firm’s fifty day moving average price is $111.74 and its 200 day moving average price is $107.57.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.1344 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.