PFG Investments LLC Decreases Stake in Invesco Dorsey Wright Momentum ETF $PDP

PFG Investments LLC cut its stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 35.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,104 shares of the company’s stock after selling 7,726 shares during the quarter. PFG Investments LLC owned about 0.13% of Invesco Dorsey Wright Momentum ETF worth $1,703,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco Dorsey Wright Momentum ETF by 7,945.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 251,418 shares of the company’s stock worth $29,265,000 after buying an additional 248,293 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Invesco Dorsey Wright Momentum ETF by 47.8% in 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 in the last quarter. Stifel Financial Corp increased its holdings in Invesco Dorsey Wright Momentum ETF by 18.1% in 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 in the last quarter. &PARTNERS lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 180.0% during the 4th quarter. &PARTNERS now owns 41,800 shares of the company’s stock valued at $4,866,000 after acquiring an additional 26,869 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at approximately $2,699,000.

Invesco Dorsey Wright Momentum ETF Price Performance

Shares of NASDAQ:PDP opened at $141.38 on Friday. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 28.67 and a beta of 1.16. The business’s 50 day simple moving average is $142.72 and its 200-day simple moving average is $130.58. Invesco Dorsey Wright Momentum ETF has a 12 month low of $106.53 and a 12 month 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.