Sowell Financial Services LLC Buys 23,722 Shares of Invesco Dorsey Wright Momentum ETF $PDP

Sowell Financial Services LLC bought a new position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the third quarter, Holdings Channel reports. The firm bought 23,722 shares of the company’s stock, valued at approximately $3,270,000.

Other hedge funds also recently made changes to their positions in the company. Nilsine Partners LLC purchased a new position in shares of Invesco Dorsey Wright Momentum ETF in the 2nd quarter worth about $1,254,000. Pine Valley Investments Ltd Liability Co bought a new position in Invesco Dorsey Wright Momentum ETF during the first quarter valued at about $447,000. Navigation Group LLC bought a new position in Invesco Dorsey Wright Momentum ETF during the first quarter valued at about $489,000. 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 buying an additional 48,895 shares during the period. Finally, First Trust Advisors LP bought a new position in Invesco Dorsey Wright Momentum ETF during the first quarter valued at about $516,000.

Invesco Dorsey Wright Momentum ETF Stock Performance

NASDAQ PDP opened at $136.95 on Thursday. Invesco Dorsey Wright Momentum ETF has a 52-week low of $106.53 and a 52-week high of $153.23. The company has a 50-day simple moving average of $136.90 and a 200 day simple moving average of $138.48. The company has a market capitalization of $1.46 billion, a PE ratio of 28.67 and a beta of 1.16.

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.