Northwestern Mutual Wealth Management Co. Sells 103 Shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Northwestern Mutual Wealth Management Co. cut its stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 3.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,970 shares of the company’s stock after selling 103 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco Dorsey Wright Momentum ETF were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of PDP. International Assets Investment Management LLC bought a new position in Invesco Dorsey Wright Momentum ETF in the 2nd quarter valued at about $26,000. Carolina Wealth Advisors LLC bought a new position in shares of Invesco Dorsey Wright Momentum ETF during the first quarter worth approximately $39,000. SPC Financial Inc. lifted its holdings in Invesco Dorsey Wright Momentum ETF by 12.9% during the 1st quarter. SPC Financial Inc. now owns 4,755 shares of the company’s stock worth $470,000 after purchasing an additional 545 shares during the last quarter. Consolidated Planning Corp boosted its stake in 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 valued at $491,000 after purchasing an additional 600 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Invesco Dorsey Wright Momentum ETF by 6.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 10,734 shares of the company’s stock valued at $1,050,000 after purchasing an additional 619 shares during the period.

Invesco Dorsey Wright Momentum ETF Price Performance

PDP stock opened at $105.46 on Thursday. The business’s fifty day moving average price is $99.62 and its two-hundred day moving average price is $97.85. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a fifty-two week low of $72.68 and a fifty-two week high of $105.54.

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.