NewEdge Advisors LLC Has $7.79 Million Stock Holdings in Invesco Dorsey Wright Momentum ETF $PDP

NewEdge Advisors LLC reduced its holdings in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 22.4% in the first quarter, Holdings Channel reports. The institutional investor owned 64,557 shares of the company’s stock after selling 18,643 shares during the period. NewEdge Advisors LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $7,795,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PDP. International Assets Investment Management LLC bought a new position in Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at about $31,000. Operose Advisors LLC acquired a new position in Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at about $32,000. Hilton Head Capital Partners LLC bought a new stake in Invesco Dorsey Wright Momentum ETF during the 4th quarter worth approximately $36,000. Kingdom Financial Group LLC. bought a new stake in Invesco Dorsey Wright Momentum ETF during the 4th quarter worth approximately $38,000. Finally, Frazier Financial Advisors LLC raised its stake in shares of Invesco Dorsey Wright Momentum ETF by 96.0% in the fourth quarter. Frazier Financial Advisors LLC now owns 341 shares of the company’s stock worth $40,000 after purchasing an additional 167 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Down 0.0%

Shares of Invesco Dorsey Wright Momentum ETF stock opened at $138.55 on Monday. Invesco Dorsey Wright Momentum ETF has a 52 week low of $106.53 and a 52 week high of $153.23. The business has a 50 day moving average price of $141.98 and a 200-day moving average price of $133.80. The company has a market cap of $1.50 billion, a PE ratio of 28.67 and a beta of 1.17.

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.