Raymond James Financial Services Advisors Inc. cut its stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP – Free Report) by 12.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 121,886 shares of the company’s stock after selling 16,811 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.94% of Invesco Dorsey Wright Momentum ETF worth $12,040,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Capital Investment Counsel Inc acquired a new position in Invesco Dorsey Wright Momentum ETF during the third quarter worth $36,000. Carolina Wealth Advisors LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 1st quarter worth about $39,000. Northwest Financial Advisors acquired a new stake in Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at about $50,000. Anchor Investment Management LLC purchased a new position in Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at about $73,000. Finally, Concourse Financial Group Securities Inc. acquired a new position in Invesco Dorsey Wright Momentum ETF during the third quarter worth about $167,000.
Invesco Dorsey Wright Momentum ETF Trading Up 1.2 %
Shares of PDP stock traded up $1.09 during trading hours on Friday, hitting $94.18. The company’s stock had a trading volume of 31,138 shares, compared to its average volume of 26,310. The business has a fifty day moving average of $95.65 and a 200-day moving average of $87.61. Invesco Dorsey Wright Momentum ETF has a twelve month low of $72.68 and a twelve month high of $99.60. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 25.02 and a beta of 1.02.
Invesco Dorsey Wright Momentum ETF Announces Dividend
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.
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