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

Invesco Dorsey Wright Momentum ETF (NASDAQ:PDP) shares gapped down prior to trading 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 trading hands.

Invesco Dorsey Wright Momentum ETF Stock Performance

The firm has a market cap of $1.37 billion, a P/E ratio of 26.00 and a beta of 1.02. The firm’s fifty day moving average is $112.32 and its 200 day moving average is $105.53.

Invesco Dorsey Wright Momentum ETF Announces Dividend

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

Institutional Trading of Invesco Dorsey Wright Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PDP. FMR LLC raised its position in shares of Invesco Dorsey Wright Momentum ETF by 10.7% in the 3rd quarter. FMR LLC now owns 6,953 shares of the company’s stock valued at $718,000 after buying an additional 671 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Invesco Dorsey Wright Momentum ETF by 0.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 84,083 shares of the company’s stock valued at $8,682,000 after buying an additional 329 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Invesco Dorsey Wright Momentum ETF by 3.5% in the 3rd quarter. HighTower Advisors LLC now owns 3,966 shares of the company’s stock valued at $410,000 after buying an additional 133 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Invesco Dorsey Wright Momentum ETF in the 2nd quarter valued at approximately $597,000. Finally, Merit Financial Group LLC increased its position in Invesco Dorsey Wright Momentum ETF by 39.6% during the 4th quarter. Merit Financial Group LLC now owns 12,178 shares of the company’s stock worth $1,310,000 after purchasing an additional 3,453 shares in the last quarter.

About Invesco Dorsey Wright Momentum ETF

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.