First Trust Advisors LP Takes $516,000 Position in Invesco Dorsey Wright Momentum ETF $PDP

First Trust Advisors LP purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the 1st quarter, Holdings Channel reports. The fund purchased 4,273 shares of the company’s stock, valued at approximately $516,000.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in Invesco Dorsey Wright Momentum ETF during the fourth quarter worth $31,000. Operose Advisors LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter valued at $32,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter valued at $36,000. Kingdom Financial Group LLC. purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter valued at $38,000. Finally, Frazier Financial Advisors LLC lifted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 96.0% in the 4th quarter. Frazier Financial Advisors LLC now owns 341 shares of the company’s stock worth $40,000 after acquiring an additional 167 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Trading Up 0.5%

PDP stock opened at $138.28 on Wednesday. Invesco Dorsey Wright Momentum ETF has a 12 month low of $106.53 and a 12 month high of $153.23. The company has a 50-day moving average price of $141.81 and a 200 day moving average price of $133.99. The stock has a market cap of $1.50 billion, a PE ratio of 28.67 and a beta of 1.17.

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.