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

Merit Financial Group LLC lessened its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 167,759 shares of the company’s stock after selling 5,192 shares during the period. Merit Financial Group LLC’s holdings in Invesco Dorsey Wright Technology Momentum ETF were worth $12,173,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James & Associates grew its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 58.1% during the third quarter. Raymond James & Associates now owns 132,298 shares of the company’s stock valued at $8,392,000 after purchasing an additional 48,643 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Invesco Dorsey Wright Technology Momentum ETF by 179.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 55,863 shares of the company’s stock valued at $3,460,000 after purchasing an additional 35,882 shares during the period. Valley Wealth Managers Inc. boosted its position in Invesco Dorsey Wright Technology Momentum ETF by 60.6% during the 3rd quarter. Valley Wealth Managers Inc. now owns 47,887 shares of the company’s stock valued at $3,037,000 after purchasing an additional 18,074 shares during the period. Theory Financial LLC grew its stake in Invesco Dorsey Wright Technology Momentum ETF by 22.3% during the 3rd quarter. Theory Financial LLC now owns 99,014 shares of the company’s stock worth $6,361,000 after buying an additional 18,063 shares during the last quarter. Finally, Silver Oak Securities Incorporated increased its position in Invesco Dorsey Wright Technology Momentum ETF by 60.7% in the third quarter. Silver Oak Securities Incorporated now owns 36,441 shares of the company’s stock worth $2,316,000 after buying an additional 13,761 shares during the period.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

Shares of PTF opened at $70.77 on Friday. The firm has a fifty day moving average of $74.10 and a 200-day moving average of $66.53. The company has a market cap of $559.79 million, a price-to-earnings ratio of 12.47 and a beta of 1.23. Invesco Dorsey Wright Technology Momentum ETF has a 1 year low of $48.54 and a 1 year high of $80.92.

About Invesco Dorsey Wright Technology Momentum ETF

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.