Strid Group LLC Sells 1,431 Shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Strid Group LLC trimmed its position in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 1.1% in the third quarter, Holdings Channel.com reports. The firm owned 123,019 shares of the company’s stock after selling 1,431 shares during the period. Invesco Dorsey Wright Momentum ETF comprises approximately 1.9% of Strid Group LLC’s investment portfolio, making the stock its 7th largest position. Strid Group LLC’s holdings in Invesco Dorsey Wright Momentum ETF were worth $12,703,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PDP. Private Advisory Group LLC raised its position in shares of Invesco Dorsey Wright Momentum ETF by 1.5% during the 3rd quarter. Private Advisory Group LLC now owns 9,650 shares of the company’s stock worth $996,000 after buying an additional 142 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Invesco Dorsey Wright Momentum ETF during the 2nd quarter valued at $26,000. Creative Planning increased its holdings in 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 buying an additional 396 shares during the last quarter. SPC Financial Inc. raised its holdings in Invesco Dorsey Wright Momentum ETF by 12.9% during the first quarter. SPC Financial Inc. now owns 4,755 shares of the company’s stock valued at $470,000 after buying an additional 545 shares in the last quarter. Finally, Consolidated Planning Corp boosted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 13.6% during the 2nd quarter. Consolidated Planning Corp now owns 5,015 shares of the company’s stock worth $491,000 after buying an additional 600 shares during the period.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of PDP opened at $106.83 on Friday. The firm has a market capitalization of $1.33 billion, a P/E ratio of 26.00 and a beta of 1.02. The company has a 50-day simple moving average of $101.12 and a 200-day simple moving average of $98.18. Invesco Dorsey Wright Momentum ETF has a 52 week low of $72.68 and a 52 week high of $107.60.

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.