Sowell Financial Services LLC Acquires New Shares in Invesco Dorsey Wright Momentum ETF $PDP

Sowell Financial Services LLC acquired a new position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 11,861 shares of the company’s stock, valued at approximately $1,635,000.

A number of other hedge funds have also bought and sold shares of PDP. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the third quarter worth $3,709,000. Fifth Third Bancorp grew its position in shares of Invesco Dorsey Wright Momentum ETF by 997.4% in the first quarter. Fifth Third Bancorp now owns 9,251 shares of the company’s stock valued at $1,117,000 after purchasing an additional 8,408 shares in the last quarter. Nilsine Partners LLC purchased a new position in shares of Invesco Dorsey Wright Momentum ETF in the second quarter valued at $1,254,000. First Trust Advisors LP bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 1st quarter valued at $516,000. Finally, Navigation Group LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 1st quarter valued at $489,000.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of PDP opened at $132.99 on Friday. The stock’s 50-day simple moving average is $136.24 and its 200 day simple moving average is $134.43. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 28.67 and a beta of 1.16. Invesco Dorsey Wright Momentum ETF has a 52-week low of $106.53 and a 52-week high of $153.23.

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