Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Hits New 12-Month High – What’s Next?

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $143.16 and last traded at $143.16, with a volume of 4484 shares traded. The stock had previously closed at $140.03.

Invesco Dorsey Wright Momentum ETF Trading Up 0.1%

The stock’s 50-day simple moving average is $131.93 and its 200-day simple moving average is $124.94. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 28.67 and a beta of 1.18.

Institutional Trading of Invesco Dorsey Wright Momentum ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Western Wealth Management LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 1st quarter worth approximately $90,000. Arkadios Wealth Advisors lifted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 8.6% during the 1st quarter. Arkadios Wealth Advisors now owns 15,000 shares of the company’s stock worth $1,811,000 after acquiring an additional 1,186 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 33.7% during the 1st quarter. Quantinno Capital Management LP now owns 6,048 shares of the company’s stock worth $730,000 after acquiring an additional 1,524 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 29,460 shares of the company’s stock worth $3,557,000 after acquiring an additional 1,033 shares during the period. Finally, First Trust Advisors LP bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 1st quarter worth approximately $516,000.

About Invesco Dorsey Wright Momentum ETF

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.