Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Shares Purchased by Gateway Advisory LLC

Gateway Advisory LLC boosted its stake in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 1.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 213,189 shares of the company’s stock after buying an additional 3,924 shares during the period. Invesco Dorsey Wright Momentum ETF accounts for 3.5% of Gateway Advisory LLC’s investment portfolio, making the stock its 7th largest position. Gateway Advisory LLC owned 1.69% of Invesco Dorsey Wright Momentum ETF worth $20,863,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Global Assets Advisory LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF during the 1st quarter valued at approximately $31,039,000. UBS Group AG lifted its stake 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 purchasing an additional 17,597 shares during the last quarter. LJI Wealth Management LLC grew its holdings in shares of Invesco Dorsey Wright Momentum ETF by 2.0% during the 2nd quarter. LJI Wealth Management LLC now owns 92,027 shares of the company’s stock worth $9,006,000 after purchasing an additional 1,800 shares during the period. Stifel Financial Corp increased its position in shares of Invesco Dorsey Wright Momentum ETF by 6.3% during the 4th quarter. Stifel Financial Corp now owns 79,783 shares of the company’s stock worth $6,821,000 after purchasing an additional 4,731 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Invesco Dorsey Wright Momentum ETF by 6.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 50,660 shares of the company’s stock valued at $5,004,000 after buying an additional 2,934 shares during the period.

Invesco Dorsey Wright Momentum ETF Price Performance

Shares of PDP stock opened at $103.26 on Tuesday. Invesco Dorsey Wright Momentum ETF has a 1-year low of $72.68 and a 1-year high of $103.37. The firm has a market cap of $1.30 billion, a PE ratio of 26.00 and a beta of 1.02. The company has a 50-day moving average of $98.24 and a two-hundred day moving average of $97.29.

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.