Tradition Wealth Management LLC reduced its position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP – Free Report) by 14.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 51,480 shares of the company’s stock after selling 9,009 shares during the period. Tradition Wealth Management LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $5,992,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at $31,000. Operose Advisors LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at $32,000. Kingdom Financial Group LLC. acquired a new stake in Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at $38,000. Frazier Financial Advisors LLC raised its stake in Invesco Dorsey Wright Momentum ETF by 96.0% during the 4th quarter. Frazier Financial Advisors LLC now owns 341 shares of the company’s stock valued at $40,000 after purchasing an additional 167 shares during the period. Finally, Networth Advisors LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at $42,000.
Invesco Dorsey Wright Momentum ETF Stock Down 3.6%
Shares of NASDAQ:PDP opened at $140.40 on Friday. The company’s fifty day moving average is $134.78 and its two-hundred day moving average is $126.19. Invesco Dorsey Wright Momentum ETF has a 12-month low of $104.31 and a 12-month high of $146.80. The company has a market cap of $1.51 billion, a P/E ratio of 28.67 and a beta of 1.17.
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. 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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