Invesco Dorsey Wright Technology Momentum ETF $PTF Shares Sold by Theory Financial LLC

Theory Financial LLC trimmed its stake in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) by 25.3% during the first quarter, HoldingsChannel.com reports. The fund owned 50,614 shares of the company’s stock after selling 17,161 shares during the period. Invesco Dorsey Wright Technology Momentum ETF makes up approximately 1.5% of Theory Financial LLC’s holdings, making the stock its 26th biggest position. Theory Financial LLC’s holdings in Invesco Dorsey Wright Technology Momentum ETF were worth $4,369,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. IMC Chicago LLC boosted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 59.7% in the 1st quarter. IMC Chicago LLC now owns 33,697 shares of the company’s stock valued at $2,909,000 after purchasing an additional 12,593 shares during the period. Bleakley Financial Group LLC acquired a new stake in Invesco Dorsey Wright Technology Momentum ETF during the 1st quarter worth about $1,526,000. Fifth Third Bancorp acquired a new stake in Invesco Dorsey Wright Technology Momentum ETF during the 1st quarter worth about $596,000. Equitable Trust Co. purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF during the first quarter valued at about $273,000. Finally, Kestra Advisory Services LLC lifted its stake in Invesco Dorsey Wright Technology Momentum ETF by 7.0% during the first quarter. Kestra Advisory Services LLC now owns 3,671 shares of the company’s stock valued at $317,000 after buying an additional 241 shares in the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

Shares of PTF opened at $108.81 on Thursday. Invesco Dorsey Wright Technology Momentum ETF has a one year low of $64.29 and a one year high of $139.65. The company has a 50-day moving average of $124.19 and a two-hundred day moving average of $102.77. The stock has a market cap of $707.26 million, a price-to-earnings ratio of 32.05 and a beta of 1.65.

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.