Unique Wealth Strategies LLC Makes New $3.11 Million Investment in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)

Unique Wealth Strategies LLC acquired a new stake in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) during the fourth quarter, HoldingsChannel reports. The firm acquired 61,629 shares of the company’s stock, valued at approximately $3,113,000. Invesco Dorsey Wright Technology Momentum ETF comprises about 2.1% of Unique Wealth Strategies LLC’s investment portfolio, making the stock its 12th largest holding.

A number of other hedge funds have also made changes to their positions in the business. Truist Financial Corp increased its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 7.9% in the 4th quarter. Truist Financial Corp now owns 49,631 shares of the company’s stock valued at $2,507,000 after acquiring an additional 3,649 shares during the last quarter. Atria Wealth Solutions Inc. increased its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 2.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 9,955 shares of the company’s stock valued at $503,000 after acquiring an additional 253 shares during the last quarter. Western Wealth Management LLC purchased a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at about $332,000. SVB Wealth LLC purchased a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at about $209,000. Finally, Genesee Capital Advisors LLC increased its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.7% in the 4th quarter. Genesee Capital Advisors LLC now owns 36,951 shares of the company’s stock valued at $1,866,000 after acquiring an additional 2,004 shares during the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

Shares of PTF traded up $1.06 during mid-day trading on Friday, reaching $55.03. The company’s stock had a trading volume of 10,493 shares, compared to its average volume of 28,049. The company’s 50 day moving average is $55.58 and its 200 day moving average is $50.62. The stock has a market cap of $383.56 million, a PE ratio of 11.51 and a beta of 1.85. Invesco Dorsey Wright Technology Momentum ETF has a 12-month low of $39.23 and a 12-month high of $59.11.

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.