MGB Wealth Management LLC Has $1.76 Million Position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

MGB Wealth Management LLC cut its position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,996 shares of the company’s stock after selling 392 shares during the period. MGB Wealth Management LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $1,755,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PDP. Waverly Advisors LLC raised its holdings in Invesco Dorsey Wright Momentum ETF by 234.0% in the first quarter. Waverly Advisors LLC now owns 20,242 shares of the company’s stock worth $1,999,000 after purchasing an additional 14,181 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of Invesco Dorsey Wright Momentum ETF by 4.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 30,618 shares of the company’s stock worth $3,024,000 after acquiring an additional 1,199 shares during the period. Cetera Investment Advisers raised its holdings in shares of Invesco Dorsey Wright Momentum ETF by 269.1% during the first quarter. Cetera Investment Advisers now owns 29,594 shares of the company’s stock worth $2,923,000 after acquiring an additional 21,577 shares during the period. Cetera Advisors LLC raised its holdings in shares of Invesco Dorsey Wright Momentum ETF by 39.9% during the first quarter. Cetera Advisors LLC now owns 16,288 shares of the company’s stock worth $1,609,000 after acquiring an additional 4,645 shares during the period. Finally, Arkadios Wealth Advisors raised its holdings in shares of Invesco Dorsey Wright Momentum ETF by 90.3% during the second quarter. Arkadios Wealth Advisors now owns 4,811 shares of the company’s stock worth $471,000 after acquiring an additional 2,283 shares during the period.

Invesco Dorsey Wright Momentum ETF Stock Up 1.3 %

Shares of NASDAQ:PDP opened at $115.75 on Friday. Invesco Dorsey Wright Momentum ETF has a 12 month low of $80.22 and a 12 month high of $115.85. The company’s fifty day simple moving average is $106.46 and its 200 day simple moving average is $100.79. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Company 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.