Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Sets New 52-Week High at $99.60

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $99.60 and last traded at $99.57, with a volume of 8022 shares changing hands. The stock had previously closed at $98.62.

Invesco Dorsey Wright Momentum ETF Price Performance

The firm has a market capitalization of $1.28 billion, a PE ratio of 26.00 and a beta of 1.02. The company’s fifty day simple moving average is $95.72 and its 200-day simple moving average is $91.94.

Hedge Funds Weigh In On Invesco Dorsey Wright Momentum ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PDP. Carolina Wealth Advisors LLC purchased a new position in shares of Invesco Dorsey Wright Momentum ETF in the first quarter worth about $39,000. Northwest Financial Advisors purchased a new position in Invesco Dorsey Wright Momentum ETF during the fourth quarter worth about $50,000. Anchor Investment Management LLC purchased a new position in Invesco Dorsey Wright Momentum ETF during the fourth quarter worth about $73,000. Perigon Wealth Management LLC purchased a new position in Invesco Dorsey Wright Momentum ETF during the fourth quarter worth about $201,000. Finally, Trueblood Wealth Management LLC purchased a new position in Invesco Dorsey Wright Momentum ETF during the first quarter worth about $204,000.

About Invesco Dorsey Wright Momentum ETF

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.