Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC grew its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 151,213 shares of the company’s stock after purchasing an additional 8,559 shares during the period. Merit Financial Group LLC owned approximately 2.16% of Invesco Dorsey Wright Technology Momentum ETF worth $7,638,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. HighTower Advisors LLC grew its position in Invesco Dorsey Wright Technology Momentum ETF by 2,867.3% in the 3rd quarter. HighTower Advisors LLC now owns 523,367 shares of the company’s stock valued at $23,109,000 after buying an additional 505,729 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 233.3% in the third quarter. LPL Financial LLC now owns 476,416 shares of the company’s stock valued at $21,043,000 after acquiring an additional 333,470 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 201.1% during the third quarter. Janney Montgomery Scott LLC now owns 150,856 shares of the company’s stock valued at $6,663,000 after acquiring an additional 100,754 shares during the period. UBS Group AG raised its holdings in Invesco Dorsey Wright Technology Momentum ETF by 436.2% during the third quarter. UBS Group AG now owns 117,152 shares of the company’s stock worth $5,175,000 after purchasing an additional 95,304 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 529.9% in the third quarter. Raymond James & Associates now owns 100,442 shares of the company’s stock valued at $4,437,000 after buying an additional 84,496 shares during the period.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

NASDAQ PTF traded up $0.85 on Friday, reaching $55.42. The company’s stock had a trading volume of 12,755 shares, compared to its average volume of 27,246. The firm’s 50 day moving average is $55.72 and its two-hundred day moving average is $50.97. The stock has a market cap of $386.28 million, a PE ratio of 11.51 and a beta of 1.23. Invesco Dorsey Wright Technology Momentum ETF has a twelve month low of $39.43 and a twelve month high of $59.11.

Invesco Dorsey Wright Technology Momentum ETF Company Profile

PowerShares Dynamic Technology Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Technology Sector Intellidex Index (the Index). The Index consists of stocks of the United States technology companies. These are companies that are principally engaged in the business of providing technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors, and communication technologies.