Cetera Investment Advisers Sells 916 Shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Cetera Investment Advisers decreased its holdings in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 3.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,678 shares of the company’s stock after selling 916 shares during the period. Cetera Investment Advisers owned 0.23% of Invesco Dorsey Wright Momentum ETF worth $2,806,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the second quarter valued at approximately $26,000. Carolina Wealth Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Momentum ETF during the first quarter valued at approximately $39,000. Delta Investment Management LLC purchased a new stake in Invesco Dorsey Wright Momentum ETF in the first quarter worth approximately $204,000. Shilanski & Associates Inc. purchased a new stake in Invesco Dorsey Wright Momentum ETF in the first quarter worth approximately $219,000. Finally, Golden Road Advisors LLC purchased a new stake in Invesco Dorsey Wright Momentum ETF in the fourth quarter worth approximately $303,000.

Invesco Dorsey Wright Momentum ETF Trading Up 1.4 %

Shares of PDP stock opened at $106.22 on Friday. Invesco Dorsey Wright Momentum ETF has a 12-month low of $72.68 and a 12-month high of $106.22. The firm’s 50 day moving average is $100.03 and its 200 day moving average is $97.96. The stock has a market capitalization of $1.32 billion, a P/E ratio of 26.00 and a beta of 1.02.

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.