Commonwealth Equity Services LLC Purchases New Stake in Invesco Dorsey Wright Momentum ETF $PDP

Commonwealth Equity Services LLC purchased a new position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 365,441 shares of the company’s stock, valued at approximately $50,368,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Montgomery Financial Services LLC purchased a new position in Invesco Dorsey Wright Momentum ETF during the second quarter valued at $33,000. Alpine Bank Wealth Management bought a new stake in Invesco Dorsey Wright Momentum ETF in the third quarter worth $41,000. Provenance Wealth Advisors LLC bought a new stake in Invesco Dorsey Wright Momentum ETF in the third quarter worth $80,000. Western Wealth Management LLC bought a new stake in Invesco Dorsey Wright Momentum ETF in the first quarter worth $90,000. Finally, Advisortrust Partners LLC bought a new stake in Invesco Dorsey Wright Momentum ETF in the first quarter worth $102,000.

Invesco Dorsey Wright Momentum ETF Trading Up 1.1%

NASDAQ PDP opened at $124.86 on Friday. Invesco Dorsey Wright Momentum ETF has a 12 month low of $106.53 and a 12 month high of $153.23. The stock has a market cap of $1.31 billion, a P/E ratio of 21.70 and a beta of 1.16. The stock’s fifty day moving average price is $135.47 and its 200-day moving average price is $134.54.

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