MML Investors Services LLC lifted its stake in Invesco DWA Momentum ETF (NASDAQ:PDP) by 7.5% during the second quarter, Holdings Channel reports. The fund owned 223,484 shares of the company’s stock after acquiring an additional 15,624 shares during the quarter. MML Investors Services LLC’s holdings in Invesco DWA Momentum ETF were worth $13,481,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of PDP. CWM LLC boosted its holdings in shares of Invesco DWA Momentum ETF by 16.1% during the 2nd quarter. CWM LLC now owns 805,832 shares of the company’s stock worth $48,608,000 after buying an additional 111,491 shares during the period. Commonwealth Equity Services LLC raised its position in Invesco DWA Momentum ETF by 1.5% in the second quarter. Commonwealth Equity Services LLC now owns 626,118 shares of the company’s stock worth $37,767,000 after acquiring an additional 9,148 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Invesco DWA Momentum ETF by 1.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 496,679 shares of the company’s stock worth $28,152,000 after acquiring an additional 6,141 shares during the period. LPL Financial LLC boosted its stake in shares of Invesco DWA Momentum ETF by 2.3% during the 2nd quarter. LPL Financial LLC now owns 422,558 shares of the company’s stock worth $25,489,000 after acquiring an additional 9,649 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of Invesco DWA Momentum ETF by 0.6% during the 1st quarter. Advisor Group Inc. now owns 234,871 shares of the company’s stock worth $13,312,000 after acquiring an additional 1,426 shares during the last quarter.

Shares of PDP stock traded up $0.42 during mid-day trading on Wednesday, reaching $61.03. 12,759 shares of the company’s stock traded hands, compared to its average volume of 132,184. Invesco DWA Momentum ETF has a 12 month low of $45.25 and a 12 month high of $63.44. The firm has a 50 day moving average price of $61.83 and a two-hundred day moving average price of $59.05.

Invesco DWA 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.

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Want to see what other hedge funds are holding PDP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco DWA Momentum ETF (NASDAQ:PDP).

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

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