Rockefeller Capital Management L.P. Grows Position in Invesco Dorsey Wright Momentum ETF $PDP

Rockefeller Capital Management L.P. grew its holdings in shares of Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) by 47.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 151,288 shares of the company’s stock after purchasing an additional 48,895 shares during the period. Rockefeller Capital Management L.P.’s holdings in Invesco Dorsey Wright Momentum ETF were worth $17,611,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in shares of Invesco Dorsey Wright Momentum ETF in the fourth quarter worth approximately $31,000. Operose Advisors LLC bought a new stake in Invesco Dorsey Wright Momentum ETF during the fourth quarter valued at approximately $32,000. Hilton Head Capital Partners LLC purchased a new position in Invesco Dorsey Wright Momentum ETF in the 4th quarter worth approximately $36,000. Kingdom Financial Group LLC. purchased a new position in Invesco Dorsey Wright Momentum ETF in the 4th quarter worth approximately $38,000. Finally, Frazier Financial Advisors LLC grew its stake in Invesco Dorsey Wright Momentum ETF by 96.0% in the 4th quarter. Frazier Financial Advisors LLC now owns 341 shares of the company’s stock worth $40,000 after buying an additional 167 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Price Performance

Shares of NASDAQ:PDP opened at $148.85 on Wednesday. The company’s fifty day moving average price is $140.38 and its 200-day moving average price is $129.07. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 28.67 and a beta of 1.17. Invesco Dorsey Wright Momentum ETF has a one year low of $106.12 and a one year high of $153.23.

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. The Index includes approximately 100 the United States-listed companies. Invesco PowerShares Capital Management LLC acts as the Fund’s investment adviser.