Envestnet Asset Management Inc. Sells 19,909 Shares of Invesco Dorsey Wright Momentum ETF $PDP

Envestnet Asset Management Inc. reduced its holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 21.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,314 shares of the company’s stock after selling 19,909 shares during the period. Envestnet Asset Management Inc. owned approximately 0.64% of Invesco Dorsey Wright Momentum ETF worth $8,537,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Commonwealth Equity Services LLC increased its position in Invesco Dorsey Wright Momentum ETF by 2.8% during the third quarter. Commonwealth Equity Services LLC now owns 386,437 shares of the company’s stock worth $45,621,000 after acquiring an additional 10,409 shares during the period. Prospera Financial Services Inc boosted its position in shares of Invesco Dorsey Wright Momentum ETF by 1.1% during the 2nd quarter. Prospera Financial Services Inc now owns 178,693 shares of the company’s stock valued at $19,404,000 after acquiring an additional 1,953 shares in the last quarter. 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 valued at $13,295,000 after purchasing an additional 12,163 shares during the period. JPMorgan Chase & Co. grew its position in Invesco Dorsey Wright Momentum ETF by 1.0% in the second quarter. JPMorgan Chase & Co. now owns 90,032 shares of the company’s stock valued at $9,777,000 after acquiring an additional 863 shares during the period. Finally, LJI Wealth Management LLC increased its position in shares of Invesco Dorsey Wright Momentum ETF by 4.0% during the 2nd quarter. LJI Wealth Management LLC now owns 73,556 shares of the company’s stock worth $7,987,000 after purchasing an additional 2,836 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Trading Up 0.0%

NASDAQ:PDP opened at $128.10 on Friday. The firm has a 50 day moving average of $122.18 and a 200-day moving average of $118.02. Invesco Dorsey Wright Momentum ETF has a 1 year low of $86.41 and a 1 year high of $129.13. The stock has a market capitalization of $1.41 billion, a P/E ratio of 28.67 and a beta of 1.13.

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.