Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Sees Unusually-High Trading Volume – What’s Next?

Shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) saw unusually-strong trading volume on Friday . Approximately 108,201 shares changed hands during mid-day trading, an increase of 418% from the previous session’s volume of 20,893 shares.The stock last traded at $113.48 and had previously closed at $113.59.

Invesco Dorsey Wright Momentum ETF Stock Down 0.4 %

The stock has a 50 day moving average of $110.17 and a 200 day moving average of $102.58. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02.

Institutional Trading of Invesco Dorsey Wright Momentum ETF

Several large investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 2nd quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Invesco Dorsey Wright Momentum ETF during the third quarter worth $83,000. Trueblood Wealth Management LLC bought a new position in shares of Invesco Dorsey Wright Momentum ETF in the 3rd quarter valued at $203,000. CWC Advisors LLC. bought a new position in shares of Invesco Dorsey Wright Momentum ETF in the 3rd quarter valued at $207,000. Finally, Global Assets Advisory LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 3rd quarter valued at $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.