Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Sees Large Volume Increase – What’s Next?

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) shares saw an uptick in trading volume on Thursday. Approximately 143,465 shares traded hands during mid-day trading, an increase of 439% from the average daily volume of 26,638 shares. The stock last traded at $131.13 and had previously closed at $131.64.

Invesco Dorsey Wright Momentum ETF Price Performance

The firm has a market capitalization of $1.38 billion, a PE ratio of 21.70 and a beta of 1.16. The business’s 50-day moving average price is $135.27 and its 200-day moving average price is $134.63.

Institutional Trading of Invesco Dorsey Wright Momentum ETF

Large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC grew its position in Invesco Dorsey Wright Momentum ETF by 0.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 27,434 shares of the company’s stock worth $3,781,000 after purchasing an additional 186 shares during the last quarter. Jacobi Capital Management LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the third quarter valued at about $28,000. Focus Financial Network Inc. raised its holdings in shares of Invesco Dorsey Wright Momentum ETF by 2.7% in the second quarter. Focus Financial Network Inc. now owns 7,541 shares of the company’s stock valued at $1,144,000 after buying an additional 201 shares during the last quarter. Montgomery Financial Services LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the second quarter valued at about $33,000. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of Invesco Dorsey Wright Momentum ETF by 15.3% during the second quarter. Concurrent Investment Advisors LLC now owns 2,187 shares of the company’s stock worth $332,000 after buying an additional 290 shares during the period.

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