Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP – Get Free Report) shares crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $134.43 and traded as low as $131.74. Invesco Dorsey Wright Momentum ETF shares last traded at $132.99, with a volume of 50,666 shares changing hands.
Invesco Dorsey Wright Momentum ETF Trading Down 3.1%
The stock has a 50 day simple moving average of $136.24 and a 200 day simple moving average of $134.43. The stock has a market cap of $1.40 billion, a P/E ratio of 28.67 and a beta of 1.16.
Institutional Trading of Invesco Dorsey Wright Momentum ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Provenance Wealth Advisors LLC acquired a new position in shares of Invesco Dorsey Wright Momentum ETF during the third quarter worth $80,000. Integrity Alliance LLC. acquired a new position in shares of Invesco Dorsey Wright Momentum ETF during the third quarter worth approximately $930,000. Strid Group LLC bought a new position in Invesco Dorsey Wright Momentum ETF in the 3rd quarter valued at about $14,590,000. D.A. Davidson & CO. bought a new stake in Invesco Dorsey Wright Momentum ETF in the 3rd quarter worth about $2,859,000. Finally, Sowell Financial Services LLC purchased a new position in Invesco Dorsey Wright Momentum ETF in the third quarter worth $1,635,000.
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.
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