Pine Valley Investments Ltd Liability Co Invests $447,000 in Invesco Dorsey Wright Momentum ETF $PDP

Pine Valley Investments Ltd Liability Co acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,701 shares of the company’s stock, valued at approximately $447,000.

A number of other large investors also recently modified their holdings of PDP. Northwestern Mutual Wealth Management Co. lifted its position in Invesco Dorsey Wright Momentum ETF by 7,945.4% in the 4th 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 during the last quarter. Rockefeller Capital Management L.P. grew its position in 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 acquiring an additional 48,895 shares during the last quarter. Stifel Financial Corp grew its position in 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 acquiring an additional 39,436 shares during the last quarter. &PARTNERS grew its position in Invesco Dorsey Wright Momentum ETF by 180.0% during 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 during the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in shares of Invesco Dorsey Wright Momentum ETF during the fourth quarter worth approximately $2,699,000.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of PDP opened at $139.84 on Wednesday. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 28.67 and a beta of 1.16. Invesco Dorsey Wright Momentum ETF has a fifty-two week low of $106.53 and a fifty-two week high of $153.23. The firm has a 50 day moving average price of $142.27 and a 200-day moving average price of $133.51.

Invesco Dorsey Wright Momentum ETF Company 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.