Capital Investment Advisory Services LLC Decreases Position in Invesco DWA Momentum ETF (PDP)

Capital Investment Advisory Services LLC trimmed its holdings in Invesco DWA Momentum ETF (NASDAQ:PDP) by 23.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,045 shares of the company’s stock after selling 318 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Invesco DWA Momentum ETF were worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of PDP. Financial Gravity Wealth Inc. purchased a new stake in Invesco DWA Momentum ETF during the 1st quarter valued at about $29,000. Financial Advocates Investment Management grew its position in Invesco DWA Momentum ETF by 45.7% during the 4th quarter. Financial Advocates Investment Management now owns 2,255 shares of the company’s stock valued at $45,000 after purchasing an additional 707 shares during the last quarter. Essex Savings Bank purchased a new stake in Invesco DWA Momentum ETF during the 4th quarter valued at about $91,000. We Are One Seven LLC purchased a new stake in Invesco DWA Momentum ETF during the 4th quarter valued at about $109,000. Finally, MinichMacGregor Wealth Management LLC purchased a new stake in Invesco DWA Momentum ETF during the 1st quarter valued at about $204,000.

Shares of PDP stock opened at $58.28 on Friday. Invesco DWA Momentum ETF has a one year low of $45.25 and a one year high of $60.23.

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About Invesco DWA 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.

See Also: What Is An Exchange-Traded Fund (ETF)?

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Institutional Ownership by Quarter for Invesco DWA Momentum ETF (NASDAQ:PDP)

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