Invesco DWA NASDAQ Momentum ETF (NASDAQ:DWAQ)’s stock price was down 1.6% on Monday . The company traded as low as $116.64 and last traded at $116.64, approximately 151 shares changed hands during trading. A decline of 93% from the average daily volume of 2,307 shares. The stock had previously closed at $118.52.
The stock’s fifty day moving average price is $111.62 and its 200-day moving average price is $114.67.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Advisory Group LLC acquired a new position in Invesco DWA NASDAQ Momentum ETF during the third quarter worth about $437,000. Susquehanna International Group LLP purchased a new position in Invesco DWA NASDAQ Momentum ETF in the second quarter valued at about $326,000. Centaurus Financial Inc. acquired a new stake in shares of Invesco DWA NASDAQ Momentum ETF during the 2nd quarter valued at approximately $974,000. Sequoia Wealth Management LLC lifted its position in shares of Invesco DWA NASDAQ Momentum ETF by 0.6% during the 2nd quarter. Sequoia Wealth Management LLC now owns 19,905 shares of the company’s stock valued at $2,428,000 after acquiring an additional 116 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in shares of Invesco DWA NASDAQ Momentum ETF by 33.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 3,329 shares of the company’s stock valued at $393,000 after acquiring an additional 841 shares during the period.
PowerShares Dynamic OTC Portfolio (the Fund) is based on the Dynamic OTC Intellidex Index (Index). The Index consists of the United States stocks from each sector identified as having the greatest capital appreciation pursuant to Amex Intellidex Methodology. The Index evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.
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