Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Sees Large Volume Increase – Here’s What Happened

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) shares saw strong trading volume on Friday . 108,201 shares changed hands during trading, an increase of 418% from the previous session’s volume of 20,893 shares.The stock last traded at $113.48 and had previously closed at $113.59.

Invesco Dorsey Wright Momentum ETF Trading Down 0.4 %

The stock has a market cap of $1.40 billion, a P/E ratio of 26.00 and a beta of 1.02. The business has a 50-day simple moving average of $110.17 and a 200 day simple moving average of $102.58.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC raised its position in shares of Invesco Dorsey Wright Momentum ETF by 3.5% during the third quarter. HighTower Advisors LLC now owns 3,966 shares of the company’s stock worth $410,000 after purchasing an additional 133 shares during the period. Private Advisory Group LLC raised its holdings in Invesco Dorsey Wright Momentum ETF by 1.5% during the third quarter. Private Advisory Group LLC now owns 9,650 shares of the company’s stock worth $996,000 after buying an additional 142 shares during the last quarter. PFG Investments LLC lifted its stake in shares of Invesco Dorsey Wright Momentum ETF by 0.9% in the third quarter. PFG Investments LLC now owns 24,275 shares of the company’s stock valued at $2,507,000 after buying an additional 205 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the second quarter worth about $26,000. Finally, Creative Planning raised its stake in shares of Invesco Dorsey Wright Momentum ETF by 7.2% in the third quarter. Creative Planning now owns 5,921 shares of the company’s stock worth $611,000 after purchasing an additional 396 shares during the last quarter.

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.