Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Sets New 12-Month High – What’s Next?

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)’s share price hit a new 52-week high on Tuesday . The company traded as high as $143.16 and last traded at $143.16, with a volume of 4484 shares traded. The stock had previously closed at $140.03.

Invesco Dorsey Wright Momentum ETF Stock Up 2.6%

The business’s 50-day simple moving average is $131.07 and its two-hundred day simple moving average is $124.59. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 28.67 and a beta of 1.18.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PDP. Morgan Stanley increased its holdings in Invesco Dorsey Wright Momentum ETF by 0.9% in the 4th quarter. Morgan Stanley now owns 688,024 shares of the company’s stock worth $80,089,000 after acquiring an additional 6,276 shares in the last quarter. LPL Financial LLC increased its holdings in Invesco Dorsey Wright Momentum ETF by 6.1% in the 4th quarter. LPL Financial LLC now owns 350,205 shares of the company’s stock worth $40,765,000 after acquiring an additional 20,250 shares in the last quarter. Stifel Financial Corp increased its holdings in Invesco Dorsey Wright Momentum ETF by 18.1% in the 4th quarter. Stifel Financial Corp now owns 257,673 shares of the company’s stock worth $29,997,000 after acquiring an additional 39,436 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco Dorsey Wright Momentum ETF by 7,945.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 251,418 shares of the company’s stock worth $29,265,000 after acquiring an additional 248,293 shares in the last quarter. Finally, Summit Financial LLC increased its holdings in Invesco Dorsey Wright Momentum ETF by 1.5% in the 4th quarter. Summit Financial LLC now owns 215,035 shares of the company’s stock worth $25,031,000 after acquiring an additional 3,108 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. The Index includes approximately 100 the United States-listed companies. Invesco PowerShares Capital Management LLC acts as the Fund’s investment adviser.