Invesco Dorsey Wright Healthcare Momentum ETF $PTH Stock: WealthBridge Capital Management LLC Raises Position

WealthBridge Capital Management LLC increased its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) by 37.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 50,787 shares of the company’s stock after buying an additional 13,831 shares during the quarter. WealthBridge Capital Management LLC’s holdings in Invesco Dorsey Wright Healthcare Momentum ETF were worth $3,086,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Bancorp acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the 1st quarter worth about $70,000. Sankala Group LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the fourth quarter worth $77,000. Western Wealth Management LLC purchased a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the 1st quarter valued at about $84,000. Wealthcare Advisory Partners LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the 2nd quarter valued at approximately $217,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the third quarter valued at $247,000.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Down 3.7%

Invesco Dorsey Wright Healthcare Momentum ETF stock traded down $2.15 during mid-day trading on Friday, reaching $55.90. 70,297 shares of the company’s stock were exchanged, compared to its average volume of 29,634. The company has a fifty day moving average of $60.73 and a 200-day moving average of $56.40. Invesco Dorsey Wright Healthcare Momentum ETF has a twelve month low of $45.45 and a twelve month high of $64.10. The company has a market cap of $273.35 million, a P/E ratio of 35.21 and a beta of 0.81.

Invesco Dorsey Wright Healthcare Momentum ETF Company Profile

PowerShares Dynamic Healthcare Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Healthcare Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index.The Fund invests only in health care sector.