MorganRosel Wealth Management LLC Has $2.31 Million Stock Holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

MorganRosel Wealth Management LLC lessened its stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 3.8% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 23,409 shares of the company’s stock after selling 931 shares during the quarter. Invesco Dorsey Wright Momentum ETF comprises about 0.8% of MorganRosel Wealth Management LLC’s portfolio, making the stock its 27th largest holding. MorganRosel Wealth Management LLC owned approximately 0.18% of Invesco Dorsey Wright Momentum ETF worth $2,312,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Global Assets Advisory LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF in the 1st quarter worth about $31,039,000. UBS Group AG raised its position in shares of Invesco Dorsey Wright Momentum ETF by 7.9% in the 4th quarter. UBS Group AG now owns 241,489 shares of the company’s stock valued at $20,645,000 after buying an additional 17,597 shares in the last quarter. Gateway Advisory LLC raised its position in shares of Invesco Dorsey Wright Momentum ETF by 9.6% in the 4th quarter. Gateway Advisory LLC now owns 206,002 shares of the company’s stock valued at $17,611,000 after buying an additional 18,052 shares in the last quarter. Strid Group LLC raised its position in shares of Invesco Dorsey Wright Momentum ETF by 9.9% in the 4th quarter. Strid Group LLC now owns 135,889 shares of the company’s stock valued at $11,617,000 after buying an additional 12,249 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of Invesco Dorsey Wright Momentum ETF by 6.3% in the 4th quarter. Stifel Financial Corp now owns 79,783 shares of the company’s stock valued at $6,821,000 after buying an additional 4,731 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Trading Down 0.5 %

Shares of Invesco Dorsey Wright Momentum ETF stock opened at $97.86 on Monday. The firm has a market capitalization of $1.26 billion, a PE ratio of 26.00 and a beta of 1.02. The firm’s 50 day moving average is $96.52 and its 200 day moving average is $93.01. Invesco Dorsey Wright Momentum ETF has a 1 year low of $72.68 and a 1 year high of $100.10.

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.