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

Shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) saw strong trading volume on Thursday . 19,042 shares changed hands during trading, a decline of 7% from the previous session’s volume of 20,514 shares.The stock last traded at $97.48 and had previously closed at $101.68.

Invesco Dorsey Wright Momentum ETF Stock Performance

The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 28.29 and a beta of 1.02. The business’s 50 day moving average is $106.43 and its 200-day moving average is $108.29.

Invesco Dorsey Wright Momentum ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.0458 dividend. The ex-dividend date was Monday, March 24th.

Institutional Trading of Invesco Dorsey Wright Momentum ETF

Several hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 10.7% during the third quarter. FMR LLC now owns 6,953 shares of the company’s stock worth $718,000 after buying an additional 671 shares during the last quarter. Benjamin Edwards Inc. bought a new position in Invesco Dorsey Wright Momentum ETF during the third quarter worth $1,102,000. HighTower Advisors LLC raised its stake in Invesco Dorsey Wright Momentum ETF by 3.5% during the 3rd quarter. HighTower Advisors LLC now owns 3,966 shares of the company’s stock valued at $410,000 after purchasing an additional 133 shares during the last quarter. MML Investors Services LLC boosted its holdings in Invesco Dorsey Wright Momentum ETF by 24.0% in the 3rd quarter. MML Investors Services LLC now owns 27,932 shares of the company’s stock valued at $2,884,000 after purchasing an additional 5,413 shares during the period. Finally, World Investment Advisors LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF in the 3rd quarter worth $340,000.

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.