Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Reaches New 52-Week High – Here’s What Happened

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)’s share price reached a new 52-week high on Thursday . The stock traded as high as $114.52 and last traded at $114.45, with a volume of 9333 shares trading hands. The stock had previously closed at $112.64.

Invesco Dorsey Wright Momentum ETF Stock Performance

The firm’s 50 day moving average price is $106.14 and its two-hundred day moving average price is $100.62. The firm has a market cap of $1.43 billion, a PE ratio of 26.00 and a beta of 1.02.

Hedge Funds Weigh In On Invesco Dorsey Wright Momentum ETF

Several large investors have recently made changes to their positions in the stock. MML Investors Services LLC lifted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 24.0% in the 3rd quarter. MML Investors Services LLC now owns 27,932 shares of the company’s stock worth $2,884,000 after acquiring an additional 5,413 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 3.5% in the 3rd quarter. HighTower Advisors LLC now owns 3,966 shares of the company’s stock worth $410,000 after acquiring an additional 133 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Invesco Dorsey Wright Momentum ETF in the 3rd quarter worth approximately $1,102,000. Tradition Wealth Management LLC lifted its holdings in Invesco Dorsey Wright Momentum ETF by 3.0% during the 3rd quarter. Tradition Wealth Management LLC now owns 64,263 shares of the company’s stock worth $6,636,000 after buying an additional 1,862 shares in the last quarter. Finally, FMR LLC lifted its holdings in Invesco Dorsey Wright Momentum ETF by 10.7% during the 3rd quarter. FMR LLC now owns 6,953 shares of the company’s stock worth $718,000 after buying an additional 671 shares in the last quarter.

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.