Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Reaches New 12-Month High – Still a Buy?

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) hit a new 52-week high during trading on Thursday . The company traded as high as $136.25 and last traded at $136.00, with a volume of 12788 shares. The stock had previously closed at $132.53.

Invesco Dorsey Wright Momentum ETF Trading Up 3.0%

The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 28.67 and a beta of 1.15. The stock has a 50-day simple moving average of $126.88 and a 200 day simple moving average of $122.37.

Institutional Investors Weigh In On Invesco Dorsey Wright Momentum ETF

Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF during the 4th quarter worth about $31,000. Operose Advisors LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF during the 4th quarter worth about $32,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at $36,000. Kingdom Financial Group LLC. acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 4th quarter valued at $38,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 3rd quarter valued at $39,000.

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.