Trueblood Wealth Management LLC Makes New Investment in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP)

Trueblood Wealth Management LLC bought a new stake in Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,967 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. International Assets Investment Management LLC purchased a new stake in Invesco Dorsey Wright Momentum ETF in the 2nd quarter worth about $26,000. Delta Investment Management LLC acquired a new position in shares of Invesco Dorsey Wright Momentum ETF in the 1st quarter valued at about $204,000. Global Assets Advisory LLC purchased a new stake in shares of Invesco Dorsey Wright Momentum ETF in the third quarter worth approximately $329,000. SPC Financial Inc. boosted its holdings in shares of Invesco Dorsey Wright Momentum ETF by 12.9% during the first quarter. SPC Financial Inc. now owns 4,755 shares of the company’s stock worth $470,000 after purchasing an additional 545 shares during the period. Finally, Arkadios Wealth Advisors grew its position in Invesco Dorsey Wright Momentum ETF by 90.3% during the second quarter. Arkadios Wealth Advisors now owns 4,811 shares of the company’s stock valued at $471,000 after purchasing an additional 2,283 shares in the last quarter.

Invesco Dorsey Wright Momentum ETF Stock Down 0.5 %

PDP stock opened at $104.86 on Friday. The company has a 50 day moving average of $102.15 and a two-hundred day moving average of $98.55. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 26.00 and a beta of 1.02. Invesco Dorsey Wright Momentum ETF has a 12-month low of $72.68 and a 12-month high of $107.60.

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.