Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) Shares Gap Down – Time to Sell?

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) shares gapped down before the market opened on Tuesday . The stock had previously closed at $115.59, but opened at $111.51. Invesco Dorsey Wright Momentum ETF shares last traded at $111.10, with a volume of 21,492 shares traded.

Invesco Dorsey Wright Momentum ETF Stock Performance

The stock has a market capitalization of $1.37 billion, a P/E ratio of 26.00 and a beta of 1.02. The stock’s fifty day simple moving average is $112.32 and its two-hundred day simple moving average is $105.53.

Invesco Dorsey Wright Momentum ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a dividend of $0.1344 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Invesco Dorsey Wright Momentum ETF

Institutional investors have recently modified their holdings of the company. Raymond James & Associates raised its holdings in Invesco Dorsey Wright Momentum ETF by 1.4% during the third quarter. Raymond James & Associates now owns 595,138 shares of the company’s stock worth $61,454,000 after buying an additional 7,932 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Invesco Dorsey Wright Momentum ETF by 3.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 181,672 shares of the company’s stock worth $19,550,000 after buying an additional 6,302 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Invesco Dorsey Wright Momentum ETF by 20.2% during the second quarter. NewEdge Advisors LLC now owns 104,402 shares of the company’s stock worth $10,217,000 after buying an additional 17,563 shares during the last quarter. LJI Wealth Management LLC raised its holdings in Invesco Dorsey Wright Momentum ETF by 0.6% during the third quarter. LJI Wealth Management LLC now owns 92,610 shares of the company’s stock worth $9,563,000 after buying an additional 583 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Invesco Dorsey Wright Momentum ETF by 0.4% during the third quarter. JPMorgan Chase & Co. now owns 84,083 shares of the company’s stock worth $8,682,000 after buying an additional 329 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.