Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Hits New 12-Month High – Here’s What Happened

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) hit a new 52-week high during trading on Thursday . The company traded as high as $117.67 and last traded at $117.67, with a volume of 6758 shares traded. The stock had previously closed at $117.55.

Invesco Dorsey Wright Momentum ETF Price Performance

The firm has a market cap of $1.45 billion, a P/E ratio of 26.00 and a beta of 1.02. The company’s 50-day moving average is $108.75 and its two-hundred day moving average is $101.90.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers increased its position in Invesco Dorsey Wright Momentum ETF by 269.1% during the 1st quarter. Cetera Investment Advisers now owns 29,594 shares of the company’s stock valued at $2,923,000 after purchasing an additional 21,577 shares during the period. Cetera Advisors LLC lifted its holdings in Invesco Dorsey Wright Momentum ETF by 39.9% in the first quarter. Cetera Advisors LLC now owns 16,288 shares of the company’s stock valued at $1,609,000 after buying an additional 4,645 shares during the period. Arkadios Wealth Advisors boosted its position in Invesco Dorsey Wright Momentum ETF by 90.3% during the second quarter. Arkadios Wealth Advisors now owns 4,811 shares of the company’s stock valued at $471,000 after acquiring an additional 2,283 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF during the 2nd quarter worth about $26,000. Finally, Consolidated Planning Corp raised its position in shares of Invesco Dorsey Wright Momentum ETF by 13.6% in the 2nd quarter. Consolidated Planning Corp now owns 5,015 shares of the company’s stock worth $491,000 after acquiring an additional 600 shares in the last quarter.

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.