Shares of Invesco DWA Utilities Momentum ETF (NYSE:PTE) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12 month consensus price target of $65.00 for the company, according to Zacks. Zacks has also given Invesco DWA Utilities Momentum ETF an industry rank of 87 out of 257 based on the ratings given to its competitors.

PTE has been the topic of several analyst reports. Zacks Investment Research upgraded Invesco DWA Utilities Momentum ETF from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. Cantor Fitzgerald reissued a “buy” rating and issued a $65.00 price target on shares of Invesco DWA Utilities Momentum ETF in a report on Tuesday, September 25th.

In other news, CFO Paul Elliot Mann acquired 20,000 shares of the business’s stock in a transaction on Tuesday, September 18th. The shares were purchased at an average price of $17.24 per share, for a total transaction of $344,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rainer M. Erdtmann acquired 6,680 shares of the business’s stock in a transaction on Friday, September 14th. The shares were purchased at an average price of $17.42 per share, for a total transaction of $116,365.60. The disclosure for this purchase can be found here. Insiders bought 27,180 shares of company stock valued at $469,801 in the last ninety days.

Shares of PTE opened at $13.82 on Friday. Invesco DWA Utilities Momentum ETF has a 52 week low of $11.54 and a 52 week high of $41.22.

Invesco DWA Utilities Momentum ETF (NYSE:PTE) last released its quarterly earnings results on Wednesday, September 12th. The company reported ($0.86) earnings per share for the quarter. The firm had revenue of $0.42 million during the quarter.

About Invesco DWA Utilities Momentum ETF

PolarityTE, Inc operates as commercial-stage biotechnology and regenerative biomaterials company in the United States. The company focuses on discovering, designing and developing a range of regenerative tissue products and biomaterials for the fields of medicine, biomedical engineering, and material sciences.

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