Invesco Dorsey Wright Momentum ETF $PDP Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 15.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 104,226 shares of the company’s stock after purchasing an additional 14,194 shares during the period. JPMorgan Chase & Co. owned approximately 0.92% of Invesco Dorsey Wright Momentum ETF worth $12,304,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the second quarter worth $3,136,000. Global Retirement Partners LLC purchased a new position in Invesco Dorsey Wright Momentum ETF in the 2nd quarter worth $1,994,000. Wealth Enhancement Advisory Services LLC lifted its position in Invesco Dorsey Wright Momentum ETF by 12.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 111,400 shares of the company’s stock worth $13,295,000 after acquiring an additional 12,163 shares during the period. Commonwealth Equity Services LLC grew its stake in Invesco Dorsey Wright Momentum ETF by 2.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 386,437 shares of the company’s stock valued at $45,621,000 after purchasing an additional 10,409 shares during the last quarter. Finally, Flow Traders U.S. LLC grew its stake in Invesco Dorsey Wright Momentum ETF by 83.7% during the 2nd quarter. Flow Traders U.S. LLC now owns 20,615 shares of the company’s stock valued at $2,239,000 after purchasing an additional 9,393 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Down 1.9%

Shares of NASDAQ:PDP opened at $124.60 on Friday. Invesco Dorsey Wright Momentum ETF has a 52-week low of $86.41 and a 52-week high of $131.00. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 28.67 and a beta of 1.13. The business has a 50-day moving average price of $124.29 and a 200-day moving average price of $119.15.

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.