JPMorgan Chase & Co. Boosts Position in Invesco Dorsey Wright Momentum ETF $PDP

JPMorgan Chase & Co. increased its position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 15.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 104,226 shares of the company’s stock after acquiring an additional 14,194 shares during the quarter. JPMorgan Chase & Co.’s holdings in Invesco Dorsey Wright Momentum ETF were worth $12,304,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. acquired a new stake in Invesco Dorsey Wright Momentum ETF during the second quarter worth about $3,136,000. Global Retirement Partners LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 2nd quarter valued at approximately $1,994,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Invesco Dorsey Wright Momentum ETF by 12.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 111,400 shares of the company’s stock worth $13,295,000 after buying an additional 12,163 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Invesco Dorsey Wright Momentum ETF by 2.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 386,437 shares of the company’s stock worth $45,621,000 after buying an additional 10,409 shares during the last quarter. Finally, Flow Traders U.S. LLC raised its position in shares of Invesco Dorsey Wright Momentum ETF by 83.7% during the 2nd quarter. Flow Traders U.S. LLC now owns 20,615 shares of the company’s stock valued at $2,239,000 after buying an additional 9,393 shares during the period.

Invesco Dorsey Wright Momentum ETF Stock Performance

PDP opened at $124.60 on Friday. The stock has a market capitalization of $1.37 billion, a PE ratio of 28.67 and a beta of 1.13. Invesco Dorsey Wright Momentum ETF has a one year low of $86.41 and a one year high of $131.00. The business’s 50 day moving average price is $124.29 and its 200 day moving average price is $119.15.

Invesco Dorsey Wright Momentum ETF 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.