B. Riley Wealth Advisors Inc. Purchases 1,199 Shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

B. Riley Wealth Advisors Inc. increased its position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,618 shares of the company’s stock after buying an additional 1,199 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Invesco Dorsey Wright Momentum ETF were worth $3,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PDP. Carolina Wealth Advisors LLC purchased a new stake in Invesco Dorsey Wright Momentum ETF during the first quarter worth $39,000. Northwest Financial Advisors bought a new position in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter worth $50,000. Delta Investment Management LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 1st quarter worth $204,000. Trueblood Wealth Management LLC bought a new stake in Invesco Dorsey Wright Momentum ETF during the first quarter valued at about $204,000. Finally, Shilanski & Associates Inc. purchased a new position in Invesco Dorsey Wright Momentum ETF in the first quarter valued at about $219,000.

Invesco Dorsey Wright Momentum ETF Stock Performance

PDP stock opened at $98.54 on Thursday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a one year low of $72.68 and a one year high of $101.65. The firm has a 50-day simple moving average of $97.89 and a two-hundred day simple moving average of $95.15.

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.