Wealth Enhancement Advisory Services LLC Raises Stock Holdings in Invesco Dorsey Wright Momentum ETF $PDP

Wealth Enhancement Advisory Services LLC lifted its stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 12.3% in the third quarter, HoldingsChannel.com reports. The fund owned 111,400 shares of the company’s stock after purchasing an additional 12,163 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $13,295,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in PDP. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 2nd quarter valued at about $3,136,000. Flow Traders U.S. LLC grew its position in shares of Invesco Dorsey Wright Momentum ETF by 83.7% during the 2nd quarter. Flow Traders U.S. LLC now owns 20,615 shares of the company’s stock valued at $2,239,000 after acquiring an additional 9,393 shares during the period. Bryn Mawr Trust Advisors LLC purchased a new position in Invesco Dorsey Wright Momentum ETF during the second quarter valued at $440,000. Commonwealth Equity Services LLC increased its position in Invesco Dorsey Wright Momentum ETF by 2.8% in the third quarter. Commonwealth Equity Services LLC now owns 386,437 shares of the company’s stock worth $45,621,000 after buying an additional 10,409 shares in the last quarter. Finally, PMG Wealth Management Inc. lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 20.1% during the 2nd quarter. PMG Wealth Management Inc. now owns 9,615 shares of the company’s stock valued at $1,044,000 after buying an additional 1,607 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Trading Down 0.2%

Invesco Dorsey Wright Momentum ETF stock opened at $124.55 on Friday. The firm has a 50 day moving average of $118.31 and a 200 day moving average of $116.06. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 28.67 and a beta of 1.13. Invesco Dorsey Wright Momentum ETF has a 12-month low of $86.41 and a 12-month high of $126.09.

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.