Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $136.32 and traded as high as $138.64. Invesco Dorsey Wright Momentum ETF shares last traded at $137.83, with a volume of 15,554 shares changing hands.

Invesco Dorsey Wright Momentum ETF Price Performance

The company has a market cap of $1.50 billion, a PE ratio of 28.67 and a beta of 1.17. The company has a 50-day moving average price of $136.29 and a two-hundred day moving average price of $136.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Summit Financial LLC increased its position in shares of Invesco Dorsey Wright Momentum ETF by 1.5% during the fourth quarter. Summit Financial LLC now owns 215,035 shares of the company’s stock worth $25,031,000 after acquiring an additional 3,108 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Invesco Dorsey Wright Momentum ETF by 47.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 151,288 shares of the company’s stock worth $17,611,000 after buying an additional 48,895 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Invesco Dorsey Wright Momentum ETF by 3.6% in the first quarter. Cetera Investment Advisers now owns 29,460 shares of the company’s stock worth $3,557,000 after buying an additional 1,033 shares during the last quarter. Arkadios Wealth Advisors increased its stake in shares of Invesco Dorsey Wright Momentum ETF by 8.6% in the first quarter. Arkadios Wealth Advisors now owns 15,000 shares of the company’s stock worth $1,811,000 after buying an additional 1,186 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its position in shares of Invesco Dorsey Wright Momentum ETF by 22.0% in the 1st quarter. Kestra Advisory Services LLC now owns 10,914 shares of the company’s stock worth $1,318,000 after purchasing an additional 1,967 shares during 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.