Global Assets Advisory LLC Makes New $329,000 Investment in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Global Assets Advisory LLC acquired a new position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 3,200 shares of the company’s stock, valued at approximately $329,000.

A number of other hedge funds have also recently made changes to their positions in PDP. SPC Financial Inc. boosted its stake in shares of Invesco Dorsey Wright Momentum ETF by 12.9% in the first quarter. SPC Financial Inc. now owns 4,755 shares of the company’s stock worth $470,000 after acquiring an additional 545 shares during the period. Delta Investment Management LLC bought a new position in Invesco Dorsey Wright Momentum ETF during the first quarter valued at approximately $204,000. Waverly Advisors LLC boosted its stake in Invesco Dorsey Wright Momentum ETF by 234.0% during the first quarter. Waverly Advisors LLC now owns 20,242 shares of the company’s stock valued at $1,999,000 after buying an additional 14,181 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Invesco Dorsey Wright Momentum ETF by 4.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 30,618 shares of the company’s stock valued at $3,024,000 after buying an additional 1,199 shares during the last quarter. Finally, Cetera Investment Advisers boosted its stake in Invesco Dorsey Wright Momentum ETF by 269.1% during the first quarter. Cetera Investment Advisers now owns 29,594 shares of the company’s stock valued at $2,923,000 after buying an additional 21,577 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Trading Down 0.4 %

Shares of Invesco Dorsey Wright Momentum ETF stock opened at $105.46 on Thursday. The stock has a 50 day moving average of $101.92 and a 200 day moving average of $98.44. Invesco Dorsey Wright Momentum ETF has a 12 month low of $72.68 and a 12 month high of $107.60. The firm has a market cap of $1.31 billion, a PE ratio of 26.00 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF 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.