Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $117.27 and traded as low as $117.23. Invesco Dorsey Wright Momentum ETF shares last traded at $118.65, with a volume of 16,996 shares.

Invesco Dorsey Wright Momentum ETF Stock Performance

The stock has a market capitalization of $1.31 billion, a PE ratio of 28.67 and a beta of 1.13. The business’s 50-day moving average price is $117.27 and its 200 day moving average price is $114.48.

Hedge Funds Weigh In On Invesco Dorsey Wright Momentum ETF

Institutional investors have recently added to or reduced their stakes in the business. Realta Investment Advisors increased its position in shares of Invesco Dorsey Wright Momentum ETF by 2.0% in the third quarter. Realta Investment Advisors now owns 4,631 shares of the company’s stock worth $547,000 after purchasing an additional 90 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Invesco Dorsey Wright Momentum ETF by 3.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,125 shares of the company’s stock valued at $369,000 after purchasing an additional 108 shares during the last quarter. Capital Investment Advisory Services LLC grew its stake in Invesco Dorsey Wright Momentum ETF by 0.5% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 20,230 shares of the company’s stock worth $2,388,000 after buying an additional 109 shares in the last quarter. Harvest Investment Services LLC increased its holdings in shares of Invesco Dorsey Wright Momentum ETF by 1.3% in the 3rd quarter. Harvest Investment Services LLC now owns 9,523 shares of the company’s stock worth $1,124,000 after buying an additional 126 shares during the last quarter. Finally, Focus Financial Network Inc. raised its position in shares of Invesco Dorsey Wright Momentum ETF by 1.8% during the 2nd quarter. Focus Financial Network Inc. now owns 7,418 shares of the company’s stock valued at $806,000 after buying an additional 129 shares in 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.