Royal Bank of Canada Reduces Stock Holdings in Invesco Dorsey Wright Momentum ETF $PDP

Royal Bank of Canada reduced its holdings in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 1.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,311 shares of the company’s stock after selling 5,823 shares during the period. Royal Bank of Canada’s holdings in Invesco Dorsey Wright Momentum ETF were worth $36,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quantinno Capital Management LP boosted its stake in Invesco Dorsey Wright Momentum ETF by 33.7% in the 1st quarter. Quantinno Capital Management LP now owns 6,048 shares of the company’s stock worth $730,000 after purchasing an additional 1,524 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Invesco Dorsey Wright Momentum ETF by 3.6% in the first quarter. Cetera Investment Advisers now owns 29,460 shares of the company’s stock worth $3,557,000 after buying an additional 1,033 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of Invesco Dorsey Wright Momentum ETF in the first quarter worth $516,000. Advisortrust Partners LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the first quarter worth $102,000. Finally, Bessemer Group Inc. purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the first quarter valued at $135,000.

Invesco Dorsey Wright Momentum ETF Price Performance

Shares of PDP opened at $135.35 on Tuesday. The company’s fifty day moving average price is $142.34 and its 200-day moving average price is $133.39. Invesco Dorsey Wright Momentum ETF has a 1-year low of $106.53 and a 1-year high of $153.23. The firm has a market capitalization of $1.47 billion, a PE ratio of 28.67 and a beta of 1.16.

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.