Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $149.40 and last traded at $148.72, with a volume of 3741 shares traded. The stock had previously closed at $144.25.
Invesco Dorsey Wright Momentum ETF Stock Performance
The firm’s 50 day moving average price is $137.07 and its two-hundred day moving average price is $127.40. The company has a market cap of $1.60 billion, a P/E ratio of 28.67 and a beta of 1.17.
Institutional Trading of Invesco Dorsey Wright Momentum ETF
Several hedge funds have recently modified their holdings of the stock. Pine Valley Investments Ltd Liability Co acquired a new stake in Invesco Dorsey Wright Momentum ETF in the 1st quarter valued at $447,000. Western Wealth Management LLC purchased a new position in Invesco Dorsey Wright Momentum ETF during the 1st quarter worth $90,000. Arkadios Wealth Advisors boosted its holdings in Invesco Dorsey Wright Momentum ETF by 8.6% during the 1st quarter. Arkadios Wealth Advisors now owns 15,000 shares of the company’s stock worth $1,811,000 after acquiring an additional 1,186 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Invesco Dorsey Wright Momentum ETF by 33.7% during the 1st quarter. Quantinno Capital Management LP now owns 6,048 shares of the company’s stock worth $730,000 after acquiring an additional 1,524 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Invesco Dorsey Wright Momentum ETF by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 29,460 shares of the company’s stock worth $3,557,000 after acquiring an additional 1,033 shares during the last quarter.
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. The Index includes approximately 100 the United States-listed companies. Invesco PowerShares Capital Management LLC acts as the Fund’s investment adviser.
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