Invesco Dorsey Wright Momentum ETF $PDP Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 7,945.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 251,418 shares of the company’s stock after purchasing an additional 248,293 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco Dorsey Wright Momentum ETF were worth $29,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 4th quarter worth approximately $31,000. Root Financial Partners LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF in the 3rd quarter valued at approximately $39,000. Networth Advisors LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at approximately $42,000. Capital Investment Counsel Inc acquired a new stake in Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at approximately $46,000. Finally, Hazlett Burt & Watson Inc. increased its position in Invesco Dorsey Wright Momentum ETF by 375.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 475 shares of the company’s stock valued at $57,000 after acquiring an additional 375 shares during the period.

Invesco Dorsey Wright Momentum ETF Price Performance

PDP opened at $136.96 on Tuesday. Invesco Dorsey Wright Momentum ETF has a 12 month low of $102.39 and a 12 month high of $142.95. The stock has a market cap of $1.47 billion, a P/E ratio of 28.67 and a beta of 1.18. The stock’s 50 day moving average price is $129.52 and its 200 day moving average price is $123.96.

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.