Fortis Advisors LLC Cuts Stake in Invesco DWA Technology Momentum ETF (NASDAQ:PTF)

Fortis Advisors LLC reduced its stake in Invesco DWA Technology Momentum ETF (NASDAQ:PTFGet Rating) by 36.9% during the first quarter, HoldingsChannel reports. The fund owned 20,390 shares of the company’s stock after selling 11,903 shares during the period. Invesco DWA Technology Momentum ETF comprises approximately 1.5% of Fortis Advisors LLC’s holdings, making the stock its 18th largest position. Fortis Advisors LLC’s holdings in Invesco DWA Technology Momentum ETF were worth $2,816,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Stratos Wealth Partners LTD. grew its stake in shares of Invesco DWA Technology Momentum ETF by 6.6% in the first quarter. Stratos Wealth Partners LTD. now owns 2,832 shares of the company’s stock worth $391,000 after acquiring an additional 176 shares during the last quarter. MML Investors Services LLC boosted its position in shares of Invesco DWA Technology Momentum ETF by 1.4% during the fourth quarter. MML Investors Services LLC now owns 16,697 shares of the company’s stock valued at $2,774,000 after buying an additional 231 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco DWA Technology Momentum ETF by 15.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,877 shares of the company’s stock valued at $260,000 after buying an additional 258 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Invesco DWA Technology Momentum ETF by 18.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 3,471 shares of the company’s stock valued at $577,000 after buying an additional 538 shares during the last quarter. Finally, Simplex Trading LLC boosted its position in shares of Invesco DWA Technology Momentum ETF by 442.8% during the first quarter. Simplex Trading LLC now owns 749 shares of the company’s stock valued at $103,000 after buying an additional 611 shares during the last quarter.

Invesco DWA Technology Momentum ETF Stock Up 1.8 %

Invesco DWA Technology Momentum ETF stock opened at $122.38 on Friday. Invesco DWA Technology Momentum ETF has a one year low of $103.80 and a one year high of $186.47. The business’s fifty day moving average is $122.48 and its 200 day moving average is $123.16.

Invesco DWA Technology Momentum ETF Company Profile

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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.

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Institutional Ownership by Quarter for Invesco DWA Technology Momentum ETF (NASDAQ:PTF)

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