G&S Capital LLC Trims Stock Holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

G&S Capital LLC decreased its position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 7.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,142 shares of the company’s stock after selling 2,028 shares during the quarter. G&S Capital LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $2,385,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Global Assets Advisory LLC bought a new position in Invesco Dorsey Wright Momentum ETF during the 1st quarter valued at approximately $31,039,000. UBS Group AG increased its holdings in shares of Invesco Dorsey Wright Momentum ETF by 7.9% during the fourth quarter. UBS Group AG now owns 241,489 shares of the company’s stock valued at $20,645,000 after acquiring an additional 17,597 shares in the last quarter. LPL Financial LLC raised its position in shares of Invesco Dorsey Wright Momentum ETF by 12.8% in the 3rd quarter. LPL Financial LLC now owns 221,567 shares of the company’s stock worth $17,058,000 after purchasing an additional 25,209 shares during the last quarter. Gateway Advisory LLC boosted its stake in Invesco Dorsey Wright Momentum ETF by 9.6% in the 4th quarter. Gateway Advisory LLC now owns 206,002 shares of the company’s stock worth $17,611,000 after purchasing an additional 18,052 shares in the last quarter. Finally, Strid Group LLC grew its position in Invesco Dorsey Wright Momentum ETF by 9.9% during the 4th quarter. Strid Group LLC now owns 135,889 shares of the company’s stock valued at $11,617,000 after purchasing an additional 12,249 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of Invesco Dorsey Wright Momentum ETF stock opened at $97.74 on Thursday. The company has a 50-day simple moving average of $96.25 and a two-hundred day simple moving average of $92.73. The stock has a market capitalization of $1.26 billion, a PE ratio of 26.00 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a 52-week low of $72.68 and a 52-week high of $100.10.

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.