Fifth Third Bancorp Has $1.12 Million Holdings in Invesco Dorsey Wright Momentum ETF $PDP

Fifth Third Bancorp boosted its stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 997.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,251 shares of the company’s stock after purchasing an additional 8,408 shares during the quarter. Fifth Third Bancorp owned about 0.09% of Invesco Dorsey Wright Momentum ETF worth $1,117,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PDP. International Assets Investment Management LLC acquired a new position in shares of Invesco Dorsey Wright Momentum ETF during the 4th quarter worth about $31,000. Operose Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the 4th quarter valued at approximately $32,000. Hilton Head Capital Partners LLC bought a new position in Invesco Dorsey Wright Momentum ETF during the 4th quarter worth approximately $36,000. Kingdom Financial Group LLC. bought a new position in Invesco Dorsey Wright Momentum ETF during the 4th quarter worth approximately $38,000. Finally, Frazier Financial Advisors LLC grew its holdings in Invesco Dorsey Wright Momentum ETF by 96.0% during the fourth quarter. Frazier Financial Advisors LLC now owns 341 shares of the company’s stock valued at $40,000 after purchasing an additional 167 shares during the period.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of NASDAQ PDP opened at $137.36 on Friday. Invesco Dorsey Wright Momentum ETF has a 52-week low of $106.53 and a 52-week high of $153.23. The stock has a market cap of $1.50 billion, a P/E ratio of 28.67 and a beta of 1.16. The firm has a 50 day moving average price of $143.06 and a 200 day moving average price of $132.87.

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.