Invesco Dorsey Wright Momentum ETF $PDP Shares Sold by PFG Investments LLC

PFG Investments LLC lessened its position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 35.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,104 shares of the company’s stock after selling 7,726 shares during the quarter. PFG Investments LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $1,703,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Stanley grew its stake in Invesco Dorsey Wright Momentum ETF by 0.9% in the 4th quarter. Morgan Stanley now owns 688,024 shares of the company’s stock valued at $80,089,000 after acquiring an additional 6,276 shares during the last quarter. LPL Financial LLC raised its position in Invesco Dorsey Wright Momentum ETF by 6.1% during the fourth quarter. LPL Financial LLC now owns 350,205 shares of the company’s stock worth $40,765,000 after acquiring an additional 20,250 shares during the last quarter. Stifel Financial Corp raised its position in Invesco Dorsey Wright Momentum ETF by 18.1% during the fourth quarter. Stifel Financial Corp now owns 257,673 shares of the company’s stock worth $29,997,000 after acquiring an additional 39,436 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 7,945.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 251,418 shares of the company’s stock valued at $29,265,000 after purchasing an additional 248,293 shares in the last quarter. Finally, Summit Financial LLC lifted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 1.5% in the fourth quarter. Summit Financial LLC now owns 215,035 shares of the company’s stock valued at $25,031,000 after purchasing an additional 3,108 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Price Performance

PDP stock opened at $141.38 on Friday. The company’s 50 day simple moving average is $142.72 and its 200-day simple moving average is $130.58. Invesco Dorsey Wright Momentum ETF has a 12 month low of $106.53 and a 12 month high of $153.23. The firm has a market capitalization of $1.54 billion, a PE ratio of 28.67 and a beta of 1.16.

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.