Estate Counselors LLC Invests $356,000 in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Estate Counselors LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,450 shares of the company’s stock, valued at approximately $356,000.

Several other hedge funds also recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in shares of Invesco Dorsey Wright Momentum ETF in the 2nd quarter valued at about $26,000. Trueblood Wealth Management LLC acquired a new position in Invesco Dorsey Wright Momentum ETF in the third quarter valued at approximately $203,000. CWC Advisors LLC. acquired a new position in Invesco Dorsey Wright Momentum ETF in the third quarter valued at approximately $207,000. Global Assets Advisory LLC purchased a new stake in Invesco Dorsey Wright Momentum ETF in the 3rd quarter worth approximately $329,000. Finally, Nwam LLC acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 3rd quarter worth approximately $415,000.

Invesco Dorsey Wright Momentum ETF Price Performance

PDP opened at $115.75 on Friday. The firm has a fifty day moving average price of $106.46 and a 200 day moving average price of $100.79. Invesco Dorsey Wright Momentum ETF has a 1 year low of $80.22 and a 1 year high of $115.85. The stock has a market cap of $1.43 billion, a P/E ratio of 26.00 and a beta of 1.02.

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.