Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Hits New 12-Month High – What’s Next?

Shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) reached a new 52-week high on Monday . The company traded as high as $126.39 and last traded at $126.9690, with a volume of 1580 shares trading hands. The stock had previously closed at $125.64.

Invesco Dorsey Wright Momentum ETF Stock Performance

The business has a 50-day simple moving average of $120.67 and a two-hundred day simple moving average of $117.21. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 28.67 and a beta of 1.13.

Institutional Trading of Invesco Dorsey Wright Momentum ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new position in Invesco Dorsey Wright Momentum ETF in the fourth quarter valued at approximately $31,000. Kingdom Financial Group LLC. bought a new position in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter valued at $38,000. Root Financial Partners LLC acquired a new position in Invesco Dorsey Wright Momentum ETF during the third quarter worth $39,000. Frazier Financial Advisors LLC lifted its stake in Invesco Dorsey Wright Momentum ETF by 96.0% in the fourth quarter. Frazier Financial Advisors LLC now owns 341 shares of the company’s stock valued at $40,000 after acquiring an additional 167 shares during the last quarter. Finally, Networth Advisors LLC bought a new position in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at about $42,000.

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.