Trueblood Wealth Management LLC Takes $295,000 Position in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)

Trueblood Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,004 shares of the company’s stock, valued at approximately $295,000. Trueblood Wealth Management LLC owned about 0.08% of Invesco Dorsey Wright Technology Momentum ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PTF. Raymond James Financial Inc. acquired a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter valued at about $21,749,000. Scarborough Advisors LLC bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the 4th quarter valued at approximately $5,022,000. MML Investors Services LLC grew its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 49.1% during the 4th quarter. MML Investors Services LLC now owns 155,898 shares of the company’s stock valued at $11,312,000 after acquiring an additional 51,361 shares during the period. LPL Financial LLC lifted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 8.7% during the 4th quarter. LPL Financial LLC now owns 627,147 shares of the company’s stock valued at $45,506,000 after buying an additional 50,452 shares in the last quarter. Finally, IMC Chicago LLC purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF in the 1st quarter worth approximately $2,000,000.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

PTF stock opened at $66.34 on Thursday. The firm has a market cap of $401.36 million, a P/E ratio of 29.36 and a beta of 1.23. Invesco Dorsey Wright Technology Momentum ETF has a 52 week low of $49.57 and a 52 week high of $80.92. The firm’s fifty day moving average is $60.47 and its 200 day moving average is $66.65.

Invesco Dorsey Wright Technology Momentum ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a dividend of $0.1491 per share. The ex-dividend date was Monday, March 24th.

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.