MML Investors Services LLC Has $2.88 Million Stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

MML Investors Services LLC grew its holdings in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 24.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,932 shares of the company’s stock after buying an additional 5,413 shares during the period. MML Investors Services LLC owned 0.23% of Invesco Dorsey Wright Momentum ETF worth $2,884,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PDP. NewEdge Advisors LLC lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 20.2% in the second quarter. NewEdge Advisors LLC now owns 104,402 shares of the company’s stock valued at $10,217,000 after buying an additional 17,563 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Invesco Dorsey Wright Momentum ETF in the third quarter valued at approximately $1,102,000. Raymond James & Associates lifted its position in shares of Invesco Dorsey Wright Momentum ETF by 1.4% in the third quarter. Raymond James & Associates now owns 595,138 shares of the company’s stock valued at $61,454,000 after buying an additional 7,932 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Invesco Dorsey Wright Momentum ETF during the 2nd quarter worth approximately $597,000. Finally, Arkadios Wealth Advisors lifted its holdings in Invesco Dorsey Wright Momentum ETF by 112.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 10,227 shares of the company’s stock worth $1,056,000 after purchasing an additional 5,416 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Trading Down 0.2 %

NASDAQ:PDP opened at $113.37 on Friday. The stock has a market cap of $1.40 billion, a P/E ratio of 26.00 and a beta of 1.02. The stock has a 50 day simple moving average of $110.36 and a 200 day simple moving average of $102.72. Invesco Dorsey Wright Momentum ETF has a 1-year low of $82.25 and a 1-year high of $117.67.

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.