Paller Financial Services Inc reduced its position in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF – Free Report) by 11.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,271 shares of the company’s stock after selling 8,297 shares during the quarter. Invesco Dorsey Wright Technology Momentum ETF comprises approximately 6.8% of Paller Financial Services Inc’s portfolio, making the stock its biggest position. Paller Financial Services Inc owned approximately 1.03% of Invesco Dorsey Wright Technology Momentum ETF worth $9,033,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of PTF. Jane Street Group LLC increased its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 108.1% in the 1st quarter. Jane Street Group LLC now owns 24,668 shares of the company’s stock valued at $1,454,000 after acquiring an additional 329,668 shares during the period. Ameriprise Financial Inc. grew its position in Invesco Dorsey Wright Technology Momentum ETF by 107.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 212,785 shares of the company’s stock worth $14,602,000 after purchasing an additional 110,228 shares during the last quarter. IMC Chicago LLC increased its stake in Invesco Dorsey Wright Technology Momentum ETF by 259.9% in the fourth quarter. IMC Chicago LLC now owns 21,104 shares of the company’s stock valued at $1,614,000 after purchasing an additional 34,299 shares during the period. Private Advisor Group LLC increased its stake in Invesco Dorsey Wright Technology Momentum ETF by 317.5% in the third quarter. Private Advisor Group LLC now owns 35,281 shares of the company’s stock valued at $2,640,000 after purchasing an additional 26,830 shares during the period. Finally, Bleakley Financial Group LLC purchased a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the first quarter valued at about $1,526,000.
Invesco Dorsey Wright Technology Momentum ETF Stock Performance
Shares of PTF opened at $105.38 on Thursday. Invesco Dorsey Wright Technology Momentum ETF has a fifty-two week low of $64.29 and a fifty-two week high of $139.65. The company has a market capitalization of $638.60 million, a price-to-earnings ratio of 32.05 and a beta of 1.68. The firm has a 50-day simple moving average of $118.10 and a 200-day simple moving average of $105.02.
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.
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