Merit Financial Group LLC Purchases 8,559 Shares of Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)

Merit Financial Group LLC boosted its position in shares of Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) by 6.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 151,213 shares of the company’s stock after purchasing an additional 8,559 shares during the period. Merit Financial Group LLC’s holdings in Invesco Dorsey Wright Technology Momentum ETF were worth $7,638,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Theory Financial LLC boosted its stake in Invesco Dorsey Wright Technology Momentum ETF by 177.6% in the third quarter. Theory Financial LLC now owns 78,647 shares of the company’s stock worth $3,474,000 after purchasing an additional 50,314 shares in the last quarter. Silver Oak Securities Incorporated raised its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 163.0% in the third quarter. Silver Oak Securities Incorporated now owns 15,279 shares of the company’s stock valued at $675,000 after buying an additional 9,470 shares during the last quarter. Scotia Capital Inc. lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 209.1% during the 3rd quarter. Scotia Capital Inc. now owns 9,745 shares of the company’s stock worth $430,000 after buying an additional 6,592 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in Invesco Dorsey Wright Technology Momentum ETF by 200.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 11,724 shares of the company’s stock worth $518,000 after acquiring an additional 7,816 shares during the last quarter. Finally, LPL Financial LLC increased its position in Invesco Dorsey Wright Technology Momentum ETF by 233.3% in the 3rd quarter. LPL Financial LLC now owns 476,416 shares of the company’s stock valued at $21,043,000 after acquiring an additional 333,470 shares in the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

Shares of NASDAQ PTF traded up $0.85 during trading on Friday, reaching $55.42. The company had a trading volume of 12,755 shares, compared to its average volume of 27,246. Invesco Dorsey Wright Technology Momentum ETF has a 52 week low of $39.43 and a 52 week high of $59.11. The business’s 50 day moving average price is $55.72 and its 200-day moving average price is $50.97. The stock has a market cap of $386.28 million, a PE ratio of 11.51 and a beta of 1.23.

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.