A Momentum ETF That’s Gaining Traction, Up 9% YTD

The momentum factor is seeing renewed strength this year and that is benefiting an array of exchange traded funds. The Powershares DWA Momentum Portfolio (NYSEArca: PDP), which utilizes technical analysis from Dorsey Wright and picks out stocks based on relative strength. PDP is up more than 9% year-to-date and hit an all-time on Wednesday. The…Click to read more at ETFtrends.com.