Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) saw strong trading volume on Thursday . 29,356 shares were traded during trading, an increase of 37% from the previous session’s volume of 21,403 shares.The stock last traded at $113.49 and had previously closed at $111.98.

Invesco Dorsey Wright Momentum ETF Stock Up 1.5 %

The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02. The stock’s 50-day simple moving average is $112.30 and its two-hundred day simple moving average is $105.66.

Invesco Dorsey Wright Momentum ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 23rd were paid a $0.1344 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of Invesco Dorsey Wright Momentum ETF by 10.7% in the 3rd quarter. FMR LLC now owns 6,953 shares of the company’s stock valued at $718,000 after purchasing an additional 671 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Invesco Dorsey Wright Momentum ETF by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 84,083 shares of the company’s stock valued at $8,682,000 after buying an additional 329 shares during the last quarter. HighTower Advisors LLC lifted its position in Invesco Dorsey Wright Momentum ETF by 3.5% in the third quarter. HighTower Advisors LLC now owns 3,966 shares of the company’s stock valued at $410,000 after buying an additional 133 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Invesco Dorsey Wright Momentum ETF during the second quarter worth about $597,000. Finally, Merit Financial Group LLC increased its position in shares of Invesco Dorsey Wright Momentum ETF by 39.6% during the fourth quarter. Merit Financial Group LLC now owns 12,178 shares of the company’s stock valued at $1,310,000 after acquiring an additional 3,453 shares during the last quarter.

Invesco Dorsey Wright Momentum ETF Company 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.