Hennion & Walsh Asset Management Inc. Decreases Stake in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)

Hennion & Walsh Asset Management Inc. cut its position in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) by 2.5% during the first quarter, HoldingsChannel reports. The firm owned 8,250 shares of the company’s stock after selling 210 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Invesco Dorsey Wright Technology Momentum ETF were worth $473,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Theory Financial LLC lifted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 177.6% during the 3rd quarter. Theory Financial LLC now owns 78,647 shares of the company’s stock worth $3,474,000 after buying an additional 50,314 shares during the last quarter. Silver Oak Securities Incorporated increased its stake in Invesco Dorsey Wright Technology Momentum ETF by 163.0% in the third quarter. Silver Oak Securities Incorporated now owns 15,279 shares of the company’s stock valued at $675,000 after purchasing an additional 9,470 shares during the last quarter. Scotia Capital Inc. raised its holdings in Invesco Dorsey Wright Technology Momentum ETF by 209.1% during the third quarter. Scotia Capital Inc. now owns 9,745 shares of the company’s stock worth $430,000 after purchasing an additional 6,592 shares in the last quarter. Glenmede Trust Co. NA lifted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 200.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 11,724 shares of the company’s stock worth $518,000 after buying an additional 7,816 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 107.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 21,048 shares of the company’s stock worth $930,000 after buying an additional 10,903 shares during the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

NASDAQ PTF opened at $62.50 on Wednesday. The firm’s fifty day moving average price is $58.73 and its 200 day moving average price is $55.22. Invesco Dorsey Wright Technology Momentum ETF has a 12 month low of $40.17 and a 12 month high of $62.75. The company has a market capitalization of $435.63 million, a price-to-earnings ratio of 12.47 and a beta of 1.23.

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.