MGB Wealth Management LLC Has $1.76 Million Position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

MGB Wealth Management LLC lowered its stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 2.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 16,996 shares of the company’s stock after selling 392 shares during the period. MGB Wealth Management LLC owned approximately 0.14% of Invesco Dorsey Wright Momentum ETF worth $1,755,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers increased its stake in 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 acquiring an additional 21,577 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the second quarter valued at approximately $597,000. LJI Wealth Management LLC grew its stake in shares of Invesco Dorsey Wright Momentum ETF by 2.0% during the second quarter. LJI Wealth Management LLC now owns 92,027 shares of the company’s stock valued at $9,006,000 after purchasing an additional 1,800 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Invesco Dorsey Wright Momentum ETF by 20.2% during the second quarter. NewEdge Advisors LLC now owns 104,402 shares of the company’s stock valued at $10,217,000 after purchasing an additional 17,563 shares during the last quarter. Finally, Cetera Advisors LLC grew its stake in shares of 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 purchasing an additional 4,645 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Price Performance

PDP opened at $115.75 on Friday. Invesco Dorsey Wright Momentum ETF has a one year low of $80.22 and a one year high of $115.85. The company’s 50 day simple moving average is $106.46 and its 200-day simple moving average is $100.79. The stock has a market capitalization of $1.43 billion, a P/E ratio of 26.00 and a beta of 1.02.

Invesco Dorsey Wright Momentum ETF Company 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.