Invesco Dorsey Wright Momentum ETF $PDP Shares Sold by Tradition Wealth Management LLC

Tradition Wealth Management LLC lessened its stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 14.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 51,480 shares of the company’s stock after selling 9,009 shares during the period. Tradition Wealth Management LLC owned about 0.47% of Invesco Dorsey Wright Momentum ETF worth $5,992,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of PDP. Jones Financial Companies Lllp lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 14.7% during the 1st quarter. Jones Financial Companies Lllp now owns 2,056 shares of the company’s stock valued at $206,000 after acquiring an additional 264 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 1st quarter valued at $775,000. Jane Street Group LLC lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 41.2% during the 1st quarter. Jane Street Group LLC now owns 8,288 shares of the company’s stock valued at $829,000 after acquiring an additional 2,418 shares during the last quarter. Benjamin Edwards Inc. lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 10.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 11,288 shares of the company’s stock valued at $1,226,000 after acquiring an additional 1,068 shares during the last quarter. Finally, MML Investors Services LLC lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 1.0% during the 2nd quarter. MML Investors Services LLC now owns 39,463 shares of the company’s stock valued at $4,285,000 after acquiring an additional 391 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of NASDAQ:PDP opened at $140.40 on Friday. Invesco Dorsey Wright Momentum ETF has a one year low of $104.31 and a one year high of $146.80. The stock has a fifty day moving average of $134.78 and a 200-day moving average of $126.19. The company has a market capitalization of $1.51 billion, a PE ratio of 28.67 and a beta of 1.17.

Invesco Dorsey Wright Momentum ETF 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.