Merit Financial Group LLC Reduces Stock Position in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)

Merit Financial Group LLC trimmed its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 167,759 shares of the company’s stock after selling 5,192 shares during the period. Merit Financial Group LLC owned 2.12% of Invesco Dorsey Wright Technology Momentum ETF worth $12,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James & Associates raised its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 58.1% during the 3rd quarter. Raymond James & Associates now owns 132,298 shares of the company’s stock worth $8,392,000 after acquiring an additional 48,643 shares in the last quarter. Theory Financial LLC grew its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 22.3% during the third quarter. Theory Financial LLC now owns 99,014 shares of the company’s stock worth $6,361,000 after purchasing an additional 18,063 shares during the last quarter. Stifel Financial Corp increased its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 8.2% during the third quarter. Stifel Financial Corp now owns 63,388 shares of the company’s stock worth $4,021,000 after purchasing an additional 4,791 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 179.6% during the second quarter. Envestnet Asset Management Inc. now owns 55,863 shares of the company’s stock worth $3,460,000 after purchasing an additional 35,882 shares in the last quarter. Finally, Valley Wealth Managers Inc. lifted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 60.6% in 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 last quarter.

Invesco Dorsey Wright Technology Momentum ETF Stock Down 0.3 %

NASDAQ:PTF opened at $70.77 on Friday. The company has a market capitalization of $559.79 million, a PE ratio of 12.47 and a beta of 1.23. Invesco Dorsey Wright Technology Momentum ETF has a 52-week low of $48.54 and a 52-week high of $80.92. The stock’s 50 day moving average price is $74.10 and its 200 day moving average price is $66.53.

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.