Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Reaches New 1-Year High – Still a Buy?

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $142.95 and last traded at $142.77, with a volume of 11172 shares. The stock had previously closed at $142.18.

Invesco Dorsey Wright Momentum ETF Trading Down 2.2%

The stock has a 50-day simple moving average of $129.28 and a two-hundred day simple moving average of $123.85. The firm has a market capitalization of $1.50 billion, a P/E ratio of 28.67 and a beta of 1.18.

Institutional Trading of Invesco Dorsey Wright Momentum ETF

Several large investors have recently made changes to their positions in the company. Morgan Stanley lifted its holdings in Invesco Dorsey Wright Momentum ETF by 0.9% in the 4th quarter. Morgan Stanley now owns 688,024 shares of the company’s stock valued at $80,089,000 after purchasing an additional 6,276 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Invesco Dorsey Wright Momentum ETF by 6.1% during the fourth quarter. LPL Financial LLC now owns 350,205 shares of the company’s stock worth $40,765,000 after buying an additional 20,250 shares in the last quarter. Stifel Financial Corp raised its position in shares of Invesco Dorsey Wright Momentum ETF by 18.1% in the fourth quarter. Stifel Financial Corp now owns 257,673 shares of the company’s stock valued at $29,997,000 after buying an additional 39,436 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco Dorsey Wright Momentum ETF by 7,945.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 251,418 shares of the company’s stock worth $29,265,000 after buying an additional 248,293 shares in the last quarter. Finally, Summit Financial LLC lifted its stake in shares of Invesco Dorsey Wright Momentum ETF by 1.5% in the fourth quarter. Summit Financial LLC now owns 215,035 shares of the company’s stock worth $25,031,000 after buying an additional 3,108 shares in the last quarter.

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. The Index includes approximately 100 the United States-listed companies. Invesco PowerShares Capital Management LLC acts as the Fund’s investment adviser.