Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Sets New 52-Week High – Here’s What Happened

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $134.59 and last traded at $134.59, with a volume of 2707 shares trading hands. The stock had previously closed at $133.87.

Invesco Dorsey Wright Momentum ETF Price Performance

The company has a market cap of $1.43 billion, a price-to-earnings ratio of 28.67 and a beta of 1.15. The firm’s fifty day moving average price is $125.85 and its 200-day moving average price is $121.66.

Institutional Investors Weigh In On Invesco Dorsey Wright Momentum ETF

Institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its holdings in Invesco Dorsey Wright Momentum ETF by 2.8% in the third quarter. Commonwealth Equity Services LLC now owns 386,437 shares of the company’s stock worth $45,621,000 after purchasing an additional 10,409 shares during the period. Calton & Associates Inc. lifted its holdings in Invesco Dorsey Wright Momentum ETF by 31.5% in the third quarter. Calton & Associates Inc. now owns 21,371 shares of the company’s stock worth $2,523,000 after purchasing an additional 5,115 shares during the period. JPMorgan Chase & Co. lifted its holdings in Invesco Dorsey Wright Momentum ETF by 15.8% in the third quarter. JPMorgan Chase & Co. now owns 104,226 shares of the company’s stock worth $12,304,000 after purchasing an additional 14,194 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Invesco Dorsey Wright Momentum ETF by 12.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 111,400 shares of the company’s stock worth $13,295,000 after purchasing an additional 12,163 shares during the period. Finally, Arkadios Wealth Advisors lifted its holdings in Invesco Dorsey Wright Momentum ETF by 40.1% in the third quarter. Arkadios Wealth Advisors now owns 14,350 shares of the company’s stock worth $1,694,000 after purchasing an additional 4,108 shares during the period.

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.