Northwestern Mutual Wealth Management Co. Raises Position in Invesco Dorsey Wright Momentum ETF $PDP

Northwestern Mutual Wealth Management Co. lifted its stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 7,945.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,418 shares of the company’s stock after buying an additional 248,293 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 2.29% of Invesco Dorsey Wright Momentum ETF worth $29,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of PDP. BNP Paribas Financial Markets purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the third quarter worth about $2,361,000. UBS Group AG boosted its position in shares of Invesco Dorsey Wright Momentum ETF by 8.7% in the fourth quarter. UBS Group AG now owns 192,339 shares of the company’s stock worth $22,389,000 after buying an additional 15,323 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Invesco Dorsey Wright Momentum ETF by 15.8% in the third quarter. JPMorgan Chase & Co. now owns 104,226 shares of the company’s stock worth $12,304,000 after buying an additional 14,194 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Invesco Dorsey Wright Momentum ETF by 12.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 111,400 shares of the company’s stock worth $13,295,000 after buying an additional 12,163 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the third quarter worth about $1,202,000.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of PDP opened at $136.96 on Tuesday. The company has a market capitalization of $1.47 billion, a P/E ratio of 28.67 and a beta of 1.18. Invesco Dorsey Wright Momentum ETF has a one year low of $102.39 and a one year high of $142.95. The stock has a 50-day moving average price of $129.52 and a 200 day moving average price of $123.96.

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. The Index includes approximately 100 the United States-listed companies. Invesco PowerShares Capital Management LLC acts as the Fund’s investment adviser.