First Trust Advisors LP Purchases Shares of 4,273 Invesco Dorsey Wright Momentum ETF $PDP

First Trust Advisors LP acquired a new position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,273 shares of the company’s stock, valued at approximately $516,000.

Several other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC bought a new stake in Invesco Dorsey Wright Momentum ETF in the fourth quarter worth $31,000. Operose Advisors LLC bought a new position in Invesco Dorsey Wright Momentum ETF during the fourth quarter valued at $32,000. Hilton Head Capital Partners LLC bought a new position in Invesco Dorsey Wright Momentum ETF during the fourth quarter valued at $36,000. Kingdom Financial Group LLC. purchased a new position in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter worth $38,000. Finally, Frazier Financial Advisors LLC grew its stake in shares of Invesco Dorsey Wright Momentum ETF by 96.0% in the 4th quarter. Frazier Financial Advisors LLC now owns 341 shares of the company’s stock worth $40,000 after buying an additional 167 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Up 0.5%

Invesco Dorsey Wright Momentum ETF stock opened at $138.28 on Wednesday. The company’s 50-day moving average price is $141.81 and its 200-day moving average price is $133.99. The company has a market cap of $1.50 billion, a PE ratio of 28.67 and a beta of 1.17. Invesco Dorsey Wright Momentum ETF has a twelve month low of $106.53 and a twelve month high of $153.23.

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.