Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Shares Gap Down – Here’s What Happened

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $115.59, but opened at $111.51. Invesco Dorsey Wright Momentum ETF shares last traded at $111.10, with a volume of 21,492 shares.

Invesco Dorsey Wright Momentum ETF Trading Down 0.0 %

The stock has a market cap of $1.37 billion, a P/E ratio of 26.00 and a beta of 1.02. The stock’s fifty day moving average price is $112.30 and its 200 day moving average price is $105.66.

Invesco Dorsey Wright Momentum ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.1344 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Trading of Invesco Dorsey Wright Momentum ETF

A number of hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC boosted its position in Invesco Dorsey Wright Momentum ETF by 3.5% during the third quarter. HighTower Advisors LLC now owns 3,966 shares of the company’s stock valued at $410,000 after buying an additional 133 shares during the period. Private Advisory Group LLC lifted its stake in shares of Invesco Dorsey Wright Momentum ETF by 1.5% in the 3rd quarter. Private Advisory Group LLC now owns 9,650 shares of the company’s stock valued at $996,000 after acquiring an additional 142 shares during the last quarter. PFG Investments LLC boosted its holdings in Invesco Dorsey Wright Momentum ETF by 0.9% during the 3rd quarter. PFG Investments LLC now owns 24,275 shares of the company’s stock valued at $2,507,000 after acquiring an additional 205 shares during the period. Keener Financial Planning LLC bought a new position in Invesco Dorsey Wright Momentum ETF during the 4th quarter worth approximately $27,000. Finally, JPMorgan Chase & Co. increased its stake in Invesco Dorsey Wright Momentum ETF by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 84,083 shares of the company’s stock worth $8,682,000 after purchasing an additional 329 shares during the period.

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.