NewEdge Advisors LLC Sells 18,643 Shares of Invesco Dorsey Wright Momentum ETF $PDP

NewEdge Advisors LLC lessened its stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 22.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,557 shares of the company’s stock after selling 18,643 shares during the period. NewEdge Advisors LLC owned 0.60% of Invesco Dorsey Wright Momentum ETF worth $7,795,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Millennium Capital Advisors LLC bought a new stake in Invesco Dorsey Wright Momentum ETF in the fourth quarter valued at $613,000. UBS Group AG boosted its position in shares of Invesco Dorsey Wright Momentum ETF by 8.7% during the 4th quarter. UBS Group AG now owns 192,339 shares of the company’s stock worth $22,389,000 after purchasing an additional 15,323 shares in the last quarter. AlphaCore Capital LLC bought a new position in shares of Invesco Dorsey Wright Momentum ETF during the 4th quarter worth about $446,000. Rockefeller Capital Management L.P. grew its stake in shares of Invesco Dorsey Wright Momentum ETF by 47.8% in the 4th 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. Finally, Redwood Family Wealth LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at about $545,000.

Invesco Dorsey Wright Momentum ETF Price Performance

Shares of Invesco Dorsey Wright Momentum ETF stock opened at $138.55 on Monday. The business has a 50-day simple moving average of $141.98 and a 200 day simple moving average of $133.80. Invesco Dorsey Wright Momentum ETF has a one year low of $106.53 and a one year high of $153.23. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 28.67 and a beta of 1.17.

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.