Bellevue Asset Management LLC Reduces Stock Position in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)

Bellevue Asset Management LLC decreased its stake in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) by 15.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,103 shares of the company’s stock after selling 375 shares during the quarter. Bellevue Asset Management LLC’s holdings in Invesco Dorsey Wright Technology Momentum ETF were worth $153,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PTF. Valley Wealth Managers Inc. grew its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 60.6% in the third 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 in the last quarter. Theory Financial LLC raised its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 22.3% in the third quarter. Theory Financial LLC now owns 99,014 shares of the company’s stock valued at $6,361,000 after acquiring an additional 18,063 shares in the last quarter. KKM Financial LLC raised its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 4.1% in the third quarter. KKM Financial LLC now owns 5,830 shares of the company’s stock valued at $370,000 after acquiring an additional 228 shares in the last quarter. StoneX Group Inc. raised its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.6% in the third quarter. StoneX Group Inc. now owns 33,883 shares of the company’s stock valued at $2,149,000 after acquiring an additional 1,808 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Invesco Dorsey Wright Technology Momentum ETF by 8.2% in the third quarter. Stifel Financial Corp now owns 63,388 shares of the company’s stock valued at $4,021,000 after buying an additional 4,791 shares in the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

PTF opened at $63.48 on Thursday. The business’s 50-day simple moving average is $71.39 and its 200-day simple moving average is $69.02. Invesco Dorsey Wright Technology Momentum ETF has a one year low of $50.05 and a one year high of $80.92. The stock has a market capitalization of $498.95 million, a P/E ratio of 39.10 and a beta of 1.23.

Invesco Dorsey Wright Technology Momentum ETF 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.