Envestnet Asset Management Inc. Has $501,000 Position in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH)

Envestnet Asset Management Inc. reduced its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) by 24.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,688 shares of the company’s stock after selling 4,160 shares during the quarter. Envestnet Asset Management Inc. owned 0.47% of Invesco Dorsey Wright Healthcare Momentum ETF worth $501,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Prosperity Consulting Group LLC raised its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 23.0% during the fourth quarter. Prosperity Consulting Group LLC now owns 7,393 shares of the company’s stock worth $296,000 after acquiring an additional 1,384 shares in the last quarter. BNP Paribas acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at $84,000. Focus Partners Wealth acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at $200,000. Advisory Services Network LLC acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at $220,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 100.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,840 shares of the company’s stock valued at $507,000 after buying an additional 6,420 shares in the last quarter.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance

Shares of NASDAQ:PTH opened at $37.81 on Wednesday. Invesco Dorsey Wright Healthcare Momentum ETF has a twelve month low of $33.56 and a twelve month high of $48.63. The firm has a market cap of $92.26 million, a PE ratio of 35.21 and a beta of 0.85. The business has a fifty day moving average of $38.12 and a 200-day moving average of $39.10.

Invesco Dorsey Wright Healthcare Momentum ETF Company Profile

PowerShares Dynamic Healthcare Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Healthcare Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.