Farther Finance Advisors LLC Sells 11,249 Shares of Invesco Dorsey Wright Momentum ETF $PDP

Farther Finance Advisors LLC decreased its position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 27.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,340 shares of the company’s stock after selling 11,249 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.27% of Invesco Dorsey Wright Momentum ETF worth $3,532,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Capital Investment Counsel Inc bought a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter worth $46,000. Networth Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter worth $42,000. Apollon Wealth Management LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter worth $235,000. Brookstone Capital Management grew its stake in shares of Invesco Dorsey Wright Momentum ETF by 5.5% in the 4th quarter. Brookstone Capital Management now owns 2,820 shares of the company’s stock worth $328,000 after acquiring an additional 146 shares in the last quarter. Finally, Spire Wealth Management grew its stake in shares of Invesco Dorsey Wright Momentum ETF by 46.8% in the 4th quarter. Spire Wealth Management now owns 3,404 shares of the company’s stock worth $396,000 after acquiring an additional 1,085 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Price Performance

NASDAQ PDP opened at $133.77 on Friday. Invesco Dorsey Wright Momentum ETF has a 1 year low of $92.30 and a 1 year high of $134.12. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 28.67 and a beta of 1.15. The company has a fifty day moving average price of $125.72 and a 200-day moving average price of $121.52.

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.