Invesco Dorsey Wright Momentum ETF $PDP Shares Newly Bought by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 23,722 shares of the company’s stock, valued at approximately $3,270,000. Sowell Financial Services LLC owned approximately 0.22% of Invesco Dorsey Wright Momentum ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nilsine Partners LLC bought a new stake in Invesco Dorsey Wright Momentum ETF in the 2nd quarter worth about $1,254,000. Pine Valley Investments Ltd Liability Co purchased a new stake in Invesco Dorsey Wright Momentum ETF in the 1st quarter valued at about $447,000. Navigation Group LLC bought a new position in shares of Invesco Dorsey Wright Momentum ETF during the 1st quarter worth approximately $489,000. First Trust Advisors LP bought a new position in shares of Invesco Dorsey Wright Momentum ETF during the 1st quarter worth approximately $516,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 47.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 151,288 shares of the company’s stock worth $17,611,000 after buying an additional 48,895 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Up 1.2%

Shares of NASDAQ PDP opened at $136.95 on Thursday. Invesco Dorsey Wright Momentum ETF has a twelve month low of $106.53 and a twelve month high of $153.23. The stock’s 50 day moving average price is $136.90 and its 200-day moving average price is $138.48. The company has a market capitalization of $1.46 billion, a PE ratio of 28.67 and a beta of 1.16.

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.