International Assets Investment Management LLC Takes $26,000 Position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

International Assets Investment Management LLC purchased a new position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 266 shares of the company’s stock, valued at approximately $26,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management raised its position in Invesco Dorsey Wright Momentum ETF by 82.8% in the fourth quarter. Spire Wealth Management now owns 4,064 shares of the company’s stock valued at $351,000 after purchasing an additional 1,841 shares during the period. Private Advisor Group LLC increased its position in shares of Invesco Dorsey Wright Momentum ETF by 3.4% during the fourth quarter. Private Advisor Group LLC now owns 7,516 shares of the company’s stock worth $643,000 after acquiring an additional 245 shares during the last quarter. Northwest Financial Advisors acquired a new position in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter worth about $50,000. Astoria Portfolio Advisors LLC. purchased a new position in Invesco Dorsey Wright Momentum ETF in the fourth quarter valued at about $216,000. Finally, Gateway Advisory LLC grew its stake in Invesco Dorsey Wright Momentum ETF by 9.6% during the 4th quarter. Gateway Advisory LLC now owns 206,002 shares of the company’s stock valued at $17,611,000 after purchasing an additional 18,052 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Down 1.9 %

PDP stock opened at $95.00 on Friday. The company has a market capitalization of $1.20 billion, a PE ratio of 26.00 and a beta of 1.02. The stock’s 50 day moving average is $98.02 and its two-hundred day moving average is $96.84. Invesco Dorsey Wright Momentum ETF has a 52-week low of $72.68 and a 52-week high of $101.65.

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.