Geneos Wealth Management Inc. Sells 632 Shares of Invesco DWA Momentum ETF (NASDAQ:PDP)

Posted by Defense World Staff on Jul 13th, 2023

Geneos Wealth Management Inc. lessened its stake in Invesco DWA Momentum ETF (NASDAQ:PDP – Free Report) by 7.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,090 shares of the company’s stock after selling 632 shares during the period. Geneos Wealth Management Inc. owned approximately 0.06% of Invesco DWA Momentum ETF worth $615,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. EWG Elevate Inc. purchased a new position in shares of Invesco DWA Momentum ETF in the fourth quarter worth approximately $28,000. Destiny Wealth Partners LLC raised its position in Invesco DWA Momentum ETF by 4,563.0% in the fourth quarter. Destiny Wealth Partners LLC now owns 1,259 shares of the company’s stock worth $89,000 after acquiring an additional 1,232 shares during the period. Founders Financial Alliance LLC boosted its stake in shares of Invesco DWA Momentum ETF by 21.7% during the 4th quarter. Founders Financial Alliance LLC now owns 1,681 shares of the company’s stock worth $119,000 after acquiring an additional 300 shares during the last quarter. True North Advisors LLC bought a new stake in shares of Invesco DWA Momentum ETF during the 4th quarter valued at $204,000. Finally, Welch & Forbes LLC purchased a new stake in shares of Invesco DWA Momentum ETF in the 4th quarter worth $208,000.

Invesco DWA Momentum ETF Stock Performance

NASDAQ PDP opened at $81.41 on Thursday. The business’s fifty day moving average is $76.93 and its 200 day moving average is $75.29. Invesco DWA Momentum ETF has a fifty-two week low of $66.22 and a fifty-two week high of $81.73. The company has a market capitalization of $1.12 billion, a PE ratio of 14.52 and a beta of 1.02.

Invesco DWA Momentum ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Stockholders of record on Wednesday, June 21st were given a dividend of $0.107 per share. The ex-dividend date was Tuesday, June 20th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 0.53%.

About Invesco DWA Momentum ETF

(Free Report)

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.