AlphaCore Capital LLC Acquires New Shares in Invesco Dorsey Wright Momentum ETF $PDP

AlphaCore Capital LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,830 shares of the company’s stock, valued at approximately $446,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at approximately $31,000. Root Financial Partners LLC bought a new position in Invesco Dorsey Wright Momentum ETF during the 3rd quarter valued at about $39,000. Networth Advisors LLC bought a new position in Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at about $42,000. Capital Investment Counsel Inc bought a new position in Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at about $46,000. Finally, Hazlett Burt & Watson Inc. lifted its stake in Invesco Dorsey Wright Momentum ETF by 375.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 475 shares of the company’s stock valued at $57,000 after acquiring an additional 375 shares during the period.

Invesco Dorsey Wright Momentum ETF Stock Performance

PDP opened at $136.02 on Wednesday. The stock has a market capitalization of $1.46 billion, a P/E ratio of 28.67 and a beta of 1.18. The company’s 50-day simple moving average is $129.82 and its two-hundred day simple moving average is $124.05. Invesco Dorsey Wright Momentum ETF has a 52-week low of $102.39 and a 52-week high of $142.95.

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.