Shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP – Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $142.41 and traded as high as $149.61. Invesco Dorsey Wright Momentum ETF shares last traded at $146.97, with a volume of 19,022 shares changing hands.
Invesco Dorsey Wright Momentum ETF Stock Performance
The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 28.67 and a beta of 1.17. The stock’s 50-day simple moving average is $142.41 and its two-hundred day simple moving average is $130.33.
Institutional Investors Weigh In On Invesco Dorsey Wright Momentum ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in shares of Invesco Dorsey Wright Momentum ETF during the 4th quarter worth about $31,000. Operose Advisors LLC bought a new position in Invesco Dorsey Wright Momentum ETF during the fourth quarter worth about $32,000. Hilton Head Capital Partners LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at $36,000. Kingdom Financial Group LLC. acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at $38,000. Finally, Frazier Financial Advisors LLC grew its stake in Invesco Dorsey Wright Momentum ETF by 96.0% during the fourth quarter. Frazier Financial Advisors LLC now owns 341 shares of the company’s stock worth $40,000 after buying an additional 167 shares during the last quarter.
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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