Invesco Dorsey Wright Momentum ETF $PDP Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,152 shares of the company’s stock after selling 4,248 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.76% of Invesco Dorsey Wright Momentum ETF worth $13,113,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF during the 3rd quarter valued at $39,000. Hazlett Burt & Watson Inc. boosted its position in Invesco Dorsey Wright Momentum ETF by 375.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 475 shares of the company’s stock valued at $57,000 after buying an additional 375 shares during the last quarter. Founders Financial Alliance LLC boosted its position in Invesco Dorsey Wright Momentum ETF by 71.8% in the 3rd quarter. Founders Financial Alliance LLC now owns 1,378 shares of the company’s stock valued at $163,000 after buying an additional 576 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the third quarter valued at about $168,000. Finally, Rehmann Capital Advisory Group acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the third quarter valued at about $206,000.

Invesco Dorsey Wright Momentum ETF Stock Performance

NASDAQ:PDP opened at $119.64 on Friday. Invesco Dorsey Wright Momentum ETF has a one year low of $86.41 and a one year high of $131.00. The business’s 50-day simple moving average is $124.93 and its 200 day simple moving average is $120.35. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 28.67 and a beta of 1.13.

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. The Index includes approximately 100 the United States-listed companies. Invesco PowerShares Capital Management LLC acts as the Fund’s investment adviser.