Nwam LLC Buys New Shares in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Nwam LLC purchased a new position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,021 shares of the company’s stock, valued at approximately $415,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PDP. International Assets Investment Management LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 2nd quarter valued at $26,000. Trueblood Wealth Management LLC purchased a new stake in Invesco Dorsey Wright Momentum ETF during the third quarter valued at about $203,000. CWC Advisors LLC. acquired a new stake in Invesco Dorsey Wright Momentum ETF during the third quarter worth about $207,000. Global Assets Advisory LLC purchased a new position in shares of Invesco Dorsey Wright Momentum ETF in the 3rd quarter worth about $329,000. Finally, Arkadios Wealth Advisors raised its holdings in shares of Invesco Dorsey Wright Momentum ETF by 90.3% in the 2nd quarter. Arkadios Wealth Advisors now owns 4,811 shares of the company’s stock worth $471,000 after purchasing an additional 2,283 shares during the period.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of NASDAQ:PDP opened at $115.75 on Monday. The stock has a 50-day simple moving average of $106.46 and a 200-day simple moving average of $100.83. The stock has a market capitalization of $1.43 billion, a P/E ratio of 26.00 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a 1 year low of $80.22 and a 1 year high of $115.85.

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.