Osborne Partners Capital Management LLC Reduces Stock Position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Osborne Partners Capital Management LLC lessened its position in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 3.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,913 shares of the company’s stock after selling 1,310 shares during the period. Osborne Partners Capital Management LLC owned 0.30% of Invesco Dorsey Wright Momentum ETF worth $3,812,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PDP. Raymond James & Associates lifted its stake in Invesco Dorsey Wright Momentum ETF by 1.4% in the third quarter. Raymond James & Associates now owns 595,138 shares of the company’s stock worth $61,454,000 after acquiring an additional 7,932 shares during the period. Gateway Advisory LLC lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 1.9% in the 2nd quarter. Gateway Advisory LLC now owns 213,189 shares of the company’s stock worth $20,863,000 after purchasing an additional 3,924 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Invesco Dorsey Wright Momentum ETF by 20.2% during the 2nd 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. LJI Wealth Management LLC increased its position in shares of 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 valued at $9,006,000 after buying an additional 1,800 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its position in shares of Invesco Dorsey Wright Momentum ETF by 4.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 30,618 shares of the company’s stock valued at $3,024,000 after buying an additional 1,199 shares during the period.

Invesco Dorsey Wright Momentum ETF Price Performance

Shares of PDP opened at $104.86 on Friday. The firm has a market capitalization of $1.30 billion, a PE ratio of 26.00 and a beta of 1.02. The company has a 50-day simple moving average of $102.15 and a two-hundred day simple moving average of $98.54. Invesco Dorsey Wright Momentum ETF has a one year low of $72.68 and a one year high of $107.60.

Invesco Dorsey Wright Momentum ETF 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.