Stratos Wealth Partners LTD. Cuts Holdings in Invesco DWA Momentum ETF (PDP)
Stratos Wealth Partners LTD. lowered its position in Invesco DWA Momentum ETF (NASDAQ:PDP) by 6.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,362 shares of the company’s stock after selling 783 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Invesco DWA Momentum ETF were worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. NewSquare Capital LLC increased its position in shares of Invesco DWA Momentum ETF by 0.9% during the fourth quarter. NewSquare Capital LLC now owns 608,149 shares of the company’s stock worth $29,477,000 after purchasing an additional 5,283 shares in the last quarter. Barber Financial Group Inc. purchased a new stake in shares of Invesco DWA Momentum ETF during the 4th quarter worth approximately $12,939,000. Raymond James Trust N.A. boosted its stake in shares of Invesco DWA Momentum ETF by 24.0% during the 4th quarter. Raymond James Trust N.A. now owns 14,223 shares of the company’s stock worth $689,000 after acquiring an additional 2,755 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Invesco DWA Momentum ETF by 22.2% during the 4th quarter. Raymond James & Associates now owns 1,019,101 shares of the company’s stock worth $49,395,000 after acquiring an additional 185,327 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Invesco DWA Momentum ETF by 11.7% during the 1st quarter. CWM LLC now owns 694,341 shares of the company’s stock worth $39,355,000 after acquiring an additional 72,605 shares in the last quarter.
Shares of NASDAQ:PDP traded up $0.02 during trading on Wednesday, hitting $57.99. 1,400 shares of the stock were exchanged, compared to its average volume of 140,597. Invesco DWA Momentum ETF has a 12-month low of $45.25 and a 12-month high of $60.23.
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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.
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