Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Shares Sold by First City Capital Management Inc.

First City Capital Management Inc. reduced its stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 27.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,585 shares of the company’s stock after selling 1,000 shares during the quarter. First City Capital Management Inc.’s holdings in Invesco Dorsey Wright Momentum ETF were worth $267,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PDP. International Assets Investment Management LLC acquired a new position in Invesco Dorsey Wright Momentum ETF during the second quarter worth $26,000. Trueblood Wealth Management LLC acquired a new position in Invesco Dorsey Wright Momentum ETF during the 3rd quarter worth about $203,000. CWC Advisors LLC. purchased a new position in Invesco Dorsey Wright Momentum ETF during the 3rd quarter valued at about $207,000. Global Assets Advisory LLC purchased a new position in Invesco Dorsey Wright Momentum ETF during the 3rd quarter valued at about $329,000. Finally, Arkadios Wealth Advisors boosted its holdings in Invesco Dorsey Wright Momentum ETF by 90.3% during the 2nd quarter. Arkadios Wealth Advisors now owns 4,811 shares of the company’s stock valued at $471,000 after acquiring an additional 2,283 shares during the period.

Invesco Dorsey Wright Momentum ETF Stock Performance

Shares of PDP opened at $111.08 on Tuesday. The stock has a market capitalization of $1.37 billion, a PE ratio of 26.00 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a 1 year low of $80.22 and a 1 year high of $114.51. The company’s 50-day simple moving average is $105.21 and its 200-day simple moving average is $100.31.

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.