Invesco Dorsey Wright Momentum ETF $PDP Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 3.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 107,152 shares of the company’s stock after selling 4,248 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $13,113,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PDP. JPMorgan Chase & Co. raised its stake in shares of Invesco Dorsey Wright Momentum ETF by 15.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 104,226 shares of the company’s stock worth $12,304,000 after buying an additional 14,194 shares in the last quarter. Advisory Services Network LLC acquired a new position in Invesco Dorsey Wright Momentum ETF during the third quarter worth about $168,000. Harvest Investment Services LLC grew its holdings in Invesco Dorsey Wright Momentum ETF by 1.3% during the third quarter. Harvest Investment Services LLC now owns 9,523 shares of the company’s stock worth $1,124,000 after acquiring an additional 126 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Invesco Dorsey Wright Momentum ETF by 3.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,125 shares of the company’s stock worth $369,000 after acquiring an additional 108 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Invesco Dorsey Wright Momentum ETF in the third quarter worth about $1,202,000.

Invesco Dorsey Wright Momentum ETF Trading Down 3.8%

Shares of NASDAQ PDP opened at $119.64 on Friday. Invesco Dorsey Wright Momentum ETF has a twelve month low of $86.41 and a twelve month high of $131.00. The firm has a 50-day moving average of $124.93 and a two-hundred day moving average of $120.35. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 28.67 and a beta of 1.13.

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.