Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Reaches New 52-Week High – Here’s What Happened

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $114.52 and last traded at $114.45, with a volume of 9333 shares. The stock had previously closed at $112.64.

Invesco Dorsey Wright Momentum ETF Price Performance

The company has a market cap of $1.43 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02. The business’s 50-day simple moving average is $106.14 and its 200-day simple moving average is $100.62.

Institutional Investors Weigh In On Invesco Dorsey Wright Momentum ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the second quarter worth about $26,000. Trueblood Wealth Management LLC purchased a new stake in Invesco Dorsey Wright Momentum ETF in the third quarter valued at approximately $203,000. CWC Advisors LLC. purchased a new stake in Invesco Dorsey Wright Momentum ETF in the third quarter valued at approximately $207,000. Global Assets Advisory LLC purchased a new stake in Invesco Dorsey Wright Momentum ETF in the third quarter valued at approximately $329,000. Finally, Estate Counselors LLC purchased a new stake in Invesco Dorsey Wright Momentum ETF in the third quarter valued at approximately $356,000.

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.