Strid Group LLC Purchases New Stake in Invesco Dorsey Wright Momentum ETF $PDP

Strid Group LLC purchased a new stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 105,857 shares of the company’s stock, valued at approximately $14,590,000. Invesco Dorsey Wright Momentum ETF comprises approximately 1.6% of Strid Group LLC’s investment portfolio, making the stock its 10th largest holding. Strid Group LLC owned approximately 1.00% of Invesco Dorsey Wright Momentum ETF as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 0.7% during the third quarter. Farther Finance Advisors LLC now owns 27,434 shares of the company’s stock worth $3,781,000 after purchasing an additional 186 shares during the period. Focus Financial Network Inc. raised its holdings in shares of Invesco Dorsey Wright Momentum ETF by 2.7% during the second quarter. Focus Financial Network Inc. now owns 7,541 shares of the company’s stock valued at $1,144,000 after purchasing an additional 201 shares during the period. Montgomery Financial Services LLC bought a new position in Invesco Dorsey Wright Momentum ETF in the second quarter worth approximately $33,000. Concurrent Investment Advisors LLC lifted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 15.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 2,187 shares of the company’s stock worth $332,000 after purchasing an additional 290 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in shares of Invesco Dorsey Wright Momentum ETF during the third quarter valued at about $41,000.

Invesco Dorsey Wright Momentum ETF Price Performance

Shares of PDP stock opened at $132.99 on Friday. Invesco Dorsey Wright Momentum ETF has a one year low of $106.53 and a one year high of $153.23. The firm has a 50-day moving average of $136.24 and a 200-day moving average of $134.43. The company has a market cap of $1.40 billion, a P/E 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.