Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $136.24 and traded as high as $138.84. Invesco Dorsey Wright Momentum ETF shares last traded at $138.71, with a volume of 10,784 shares trading hands.

Invesco Dorsey Wright Momentum ETF Price Performance

The firm has a market cap of $1.48 billion, a P/E ratio of 28.67 and a beta of 1.17. The firm’s 50 day moving average is $136.25 and its 200 day moving average is $136.31.

Institutional Trading of Invesco Dorsey Wright Momentum ETF

A number of hedge funds have recently made changes to their positions in PDP. Montgomery Financial Services LLC bought a new position in Invesco Dorsey Wright Momentum ETF during the 2nd quarter valued at approximately $33,000. Operose Advisors LLC purchased a new position in Invesco Dorsey Wright Momentum ETF during the fourth quarter valued at $32,000. Hilton Head Capital Partners LLC purchased a new position in Invesco Dorsey Wright Momentum ETF during the fourth quarter valued at $36,000. Hazlett Burt & Watson Inc. boosted its holdings in Invesco Dorsey Wright Momentum ETF by 23.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 585 shares of the company’s stock worth $68,000 after acquiring an additional 110 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in Invesco Dorsey Wright Momentum ETF in the first quarter worth $90,000.

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.