HighTower Advisors LLC Has $34.58 Million Stock Position in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)

HighTower Advisors LLC cut its position in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 476,565 shares of the company’s stock after selling 693 shares during the period. HighTower Advisors LLC owned 6.06% of Invesco Dorsey Wright Technology Momentum ETF worth $34,580,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PTF. Raymond James Financial Inc. acquired a new stake in Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at $21,749,000. Jones Financial Companies Lllp grew its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 143.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,708 shares of the company’s stock valued at $124,000 after buying an additional 1,006 shares during the last quarter. Maia Wealth LLC bought a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter worth about $309,000. Evergreen Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter worth about $229,000. Finally, Sigma Planning Corp bought a new position in Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at about $557,000.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

PTF stock opened at $61.99 on Friday. The business has a 50-day simple moving average of $69.36 and a two-hundred day simple moving average of $68.72. The company has a market capitalization of $487.24 million, a P/E ratio of 35.33 and a beta of 1.23. Invesco Dorsey Wright Technology Momentum ETF has a 52-week low of $50.05 and a 52-week high of $80.92.

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.