United Capital Financial Advisers LLC Sells 1,308 Shares of Invesco DWA Momentum ETF (NASDAQ:PDP)

Posted by Defense World Staff on Mar 8th, 2023

United Capital Financial Advisers LLC lowered its stake in shares of Invesco DWA Momentum ETF (NASDAQ:PDP – Get Rating) by 19.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,308 shares of the company’s stock after selling 1,308 shares during the quarter. United Capital Financial Advisers LLC’s holdings in Invesco DWA Momentum ETF were worth $359,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. MML Investors Services LLC grew its holdings in Invesco DWA Momentum ETF by 8.1% during the third quarter. MML Investors Services LLC now owns 18,172 shares of the company’s stock worth $1,228,000 after buying an additional 1,364 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Invesco DWA Momentum ETF by 2.3% in the third quarter. Envestnet Asset Management Inc. now owns 98,278 shares of the company’s stock worth $6,642,000 after purchasing an additional 2,189 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in Invesco DWA Momentum ETF in the third quarter worth $1,183,000. IFP Advisors Inc boosted its position in Invesco DWA Momentum ETF by 14.1% in the third quarter. IFP Advisors Inc now owns 7,123 shares of the company’s stock worth $399,000 after purchasing an additional 879 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in Invesco DWA Momentum ETF by 18.8% in the third quarter. Rockefeller Capital Management L.P. now owns 106,249 shares of the company’s stock worth $7,180,000 after purchasing an additional 16,835 shares during the last quarter.

Invesco DWA Momentum ETF Price Performance

PDP stock opened at $75.21 on Wednesday. The stock’s fifty day simple moving average is $74.46 and its two-hundred day simple moving average is $73.50. Invesco DWA Momentum ETF has a 1-year low of $66.22 and a 1-year high of $83.83.

Invesco DWA Momentum ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 23rd. Shareholders of record on Tuesday, December 20th were given a $0.239 dividend. The ex-dividend date of this dividend was Monday, December 19th. This represents a $0.96 annualized dividend and a yield of 1.27%. This is a boost from Invesco DWA Momentum ETF’s previous quarterly dividend of $0.08.

Invesco DWA Momentum ETF Company Profile

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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.