Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Sees Strong Trading Volume – Time to Buy?

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) saw an uptick in trading volume on Monday . 46,587 shares were traded during trading, an increase of 128% from the previous session’s volume of 20,457 shares.The stock last traded at $115.95 and had previously closed at $115.75.

Invesco Dorsey Wright Momentum ETF Stock Performance

The company has a market capitalization of $1.44 billion, a PE ratio of 26.00 and a beta of 1.02. The company has a 50 day moving average price of $106.46 and a 200 day moving average price of $100.83.

Institutional Trading of Invesco Dorsey Wright Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Invesco Dorsey Wright Momentum ETF in the 2nd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in Invesco Dorsey Wright Momentum ETF during the third quarter worth $83,000. Trueblood Wealth Management LLC acquired a new position in Invesco Dorsey Wright Momentum ETF in the third quarter worth $203,000. CWC Advisors LLC. bought a new stake in Invesco Dorsey Wright Momentum ETF during the third quarter valued at $207,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the third quarter worth $329,000.

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.