Arkadios Wealth Advisors Acquires 4,108 Shares of Invesco Dorsey Wright Momentum ETF $PDP

Arkadios Wealth Advisors boosted its holdings in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 40.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,350 shares of the company’s stock after acquiring an additional 4,108 shares during the period. Arkadios Wealth Advisors owned 0.13% of Invesco Dorsey Wright Momentum ETF worth $1,694,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PDP. B. Riley Wealth Advisors Inc. purchased a new stake in Invesco Dorsey Wright Momentum ETF in the second quarter worth about $3,136,000. Global Retirement Partners LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 2nd quarter worth approximately $1,994,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Invesco Dorsey Wright Momentum ETF by 12.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 111,400 shares of the company’s stock worth $13,295,000 after buying an additional 12,163 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Invesco Dorsey Wright Momentum ETF by 2.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 386,437 shares of the company’s stock worth $45,621,000 after buying an additional 10,409 shares during the last quarter. Finally, Flow Traders U.S. LLC increased its position in Invesco Dorsey Wright Momentum ETF by 83.7% during the 2nd quarter. Flow Traders U.S. LLC now owns 20,615 shares of the company’s stock valued at $2,239,000 after buying an additional 9,393 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Trading Down 0.2%

Shares of NASDAQ:PDP opened at $124.55 on Friday. The stock has a fifty day simple moving average of $118.31 and a two-hundred day simple moving average of $116.06. Invesco Dorsey Wright Momentum ETF has a 12-month low of $86.41 and a 12-month high of $126.09. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 28.67 and a beta of 1.13.

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