Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Hits New 12-Month High – Still a Buy?

Posted by Paula Ricardo on May 14th, 2026

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $142.95 and last traded at $142.77, with a volume of 11172 shares trading hands. The stock had previously closed at $142.18.

Invesco Dorsey Wright Momentum ETF Trading Up 0.5%

The business has a fifty day simple moving average of $128.67 and a 200 day simple moving average of $123.59. The stock has a market capitalization of $1.54 billion, a P/E ratio of 28.67 and a beta of 1.18.

Institutional Investors Weigh In On Invesco Dorsey Wright Momentum ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers lifted its stake in Invesco Dorsey Wright Momentum ETF by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 29,460 shares of the company’s stock valued at $3,557,000 after acquiring an additional 1,033 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the first quarter valued at about $516,000. Advisortrust Partners LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the first quarter valued at about $102,000. Bessemer Group Inc. bought a new position in shares of Invesco Dorsey Wright Momentum ETF during the first quarter valued at about $135,000. Finally, Navigation Group LLC purchased a new position in Invesco Dorsey Wright Momentum ETF during the first quarter worth about $489,000.

About Invesco Dorsey Wright Momentum ETF

(Get Free Report)

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.