HighTower Advisors LLC Grows Stock Holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

HighTower Advisors LLC raised its stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,966 shares of the company’s stock after buying an additional 133 shares during the period. HighTower Advisors LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $410,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Invesco Dorsey Wright Momentum ETF by 10.7% during the 3rd quarter. FMR LLC now owns 6,953 shares of the company’s stock worth $718,000 after buying an additional 671 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Invesco Dorsey Wright Momentum ETF during the second quarter worth about $597,000. LJI Wealth Management LLC raised its position in 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 worth $9,006,000 after acquiring an additional 1,800 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 20.2% in 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 in the last quarter. Finally, Carolinas Wealth Consulting LLC grew its position in shares of Invesco Dorsey Wright Momentum ETF by 43.5% in the second quarter. Carolinas Wealth Consulting LLC now owns 7,583 shares of the company’s stock valued at $742,000 after purchasing an additional 2,299 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Price Performance

Shares of PDP opened at $109.98 on Friday. Invesco Dorsey Wright Momentum ETF has a 1-year low of $82.25 and a 1-year high of $117.67. The firm has a 50 day simple moving average of $110.93 and a 200-day simple moving average of $103.17. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02.

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.