Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Hits New 1-Year High at $100.58

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $100.58 and last traded at $100.46, with a volume of 744 shares trading hands. The stock had previously closed at $99.48.

Invesco Dorsey Wright Momentum ETF Stock Up 1.1 %

The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02. The company has a 50-day moving average price of $97.49 and a 200-day moving average price of $93.77.

Institutional Investors Weigh In On Invesco Dorsey Wright Momentum ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Advisors LLC increased its stake in Invesco Dorsey Wright Momentum ETF by 39.9% during the first quarter. Cetera Advisors LLC now owns 16,288 shares of the company’s stock valued at $1,609,000 after acquiring an additional 4,645 shares during the period. Cetera Investment Advisers raised its stake in shares of Invesco Dorsey Wright Momentum ETF by 269.1% in the first quarter. Cetera Investment Advisers now owns 29,594 shares of the company’s stock valued at $2,923,000 after purchasing an additional 21,577 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its stake in shares of Invesco Dorsey Wright Momentum ETF by 4.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 30,618 shares of the company’s stock valued at $3,024,000 after purchasing an additional 1,199 shares in the last quarter. Waverly Advisors LLC lifted its position in Invesco Dorsey Wright Momentum ETF by 234.0% in the first quarter. Waverly Advisors LLC now owns 20,242 shares of the company’s stock worth $1,999,000 after purchasing an additional 14,181 shares during the period. Finally, Delta Investment Management LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF during the first quarter worth $204,000.

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.