Royal Bank of Canada Trims Stock Holdings in Invesco Dorsey Wright Momentum ETF $PDP

Royal Bank of Canada lessened its holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 1.9% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 306,311 shares of the company’s stock after selling 5,823 shares during the quarter. Royal Bank of Canada owned approximately 2.85% of Invesco Dorsey Wright Momentum ETF worth $36,986,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in Invesco Dorsey Wright Momentum ETF by 7,945.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 251,418 shares of the company’s stock valued at $29,265,000 after purchasing an additional 248,293 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake 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 valued at $17,611,000 after buying an additional 48,895 shares during the period. Stifel Financial Corp increased its stake in shares of Invesco Dorsey Wright Momentum ETF by 18.1% during the fourth quarter. Stifel Financial Corp now owns 257,673 shares of the company’s stock valued at $29,997,000 after buying an additional 39,436 shares during the period. &PARTNERS raised its holdings in shares of Invesco Dorsey Wright Momentum ETF by 180.0% in the fourth quarter. &PARTNERS now owns 41,800 shares of the company’s stock valued at $4,866,000 after acquiring an additional 26,869 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in Invesco Dorsey Wright Momentum ETF in the fourth quarter worth about $2,699,000.

Invesco Dorsey Wright Momentum ETF Stock Up 1.3%

Shares of PDP stock opened at $135.35 on Tuesday. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 28.67 and a beta of 1.16. The company’s 50 day moving average is $142.34 and its 200 day moving average is $133.39. Invesco Dorsey Wright Momentum ETF has a 52-week low of $106.53 and a 52-week high of $153.23.

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.