Stratos Wealth Partners LTD. grew its stake in Invesco DWA Momentum ETF (NASDAQ:PDP) by 175.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 13,077 shares of the company’s stock after buying an additional 8,338 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Invesco DWA Momentum ETF were worth $779,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in PDP. First City Capital Management Inc. acquired a new position in Invesco DWA Momentum ETF in the 2nd quarter valued at $208,000. FMR LLC acquired a new position in Invesco DWA Momentum ETF in the 2nd quarter valued at $224,000. Milestone Group Inc. acquired a new position in Invesco DWA Momentum ETF in the 2nd quarter valued at $236,000. MinichMacGregor Wealth Management LLC acquired a new position in Invesco DWA Momentum ETF in the 2nd quarter valued at $282,000. Finally, PNC Financial Services Group Inc. raised its stake in Invesco DWA Momentum ETF by 47.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 6,687 shares of the company’s stock valued at $370,000 after purchasing an additional 2,147 shares during the last quarter.
NASDAQ PDP opened at $53.85 on Friday. Invesco DWA Momentum ETF has a one year low of $49.44 and a one year high of $60.23.
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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.
See Also: Fundamental Analysis
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