LPL Financial LLC Lowers Stock Position in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)

LPL Financial LLC lessened its holdings in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) by 0.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 622,342 shares of the company’s stock after selling 4,805 shares during the period. LPL Financial LLC owned about 9.74% of Invesco Dorsey Wright Technology Momentum ETF worth $36,693,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PTF. Raymond James Financial Inc. purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter valued at approximately $21,749,000. MML Investors Services LLC lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 49.1% during the fourth quarter. MML Investors Services LLC now owns 155,898 shares of the company’s stock valued at $11,312,000 after acquiring an additional 51,361 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 59.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 95,925 shares of the company’s stock valued at $5,656,000 after acquiring an additional 35,730 shares during the last quarter. IMC Chicago LLC purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF during the first quarter valued at approximately $2,000,000. Finally, Farther Finance Advisors LLC purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF during the first quarter valued at approximately $1,949,000.

Invesco Dorsey Wright Technology Momentum ETF Stock Down 2.8%

NASDAQ:PTF opened at $68.25 on Friday. Invesco Dorsey Wright Technology Momentum ETF has a 52 week low of $49.57 and a 52 week high of $80.92. The firm has a 50 day moving average of $67.03 and a 200 day moving average of $64.80. The stock has a market capitalization of $371.28 million, a price-to-earnings ratio of 32.05 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.