US-based Bancorp DE cut its stake in the Invesco DWA Technology Momentum ETF (NASDAQ:PTF – Rated ) by 85.6% during the third quarter, according to the company’s most recent 13F filing with the SEC. Institutional investors held 262 shares of the company after selling 1,562 shares in the current period. At the end of the most recent reporting period, US Bancorp DE held value in the Invesco DWA Technology Momentum ETF at $28,000.
→ Cash holders are still not taking steps to prepare (From Investor Square Media)
Other large investors have also increased or decreased their stakes in the company. LPL Financial LLC increased its holdings in the Invesco DWA Technology Momentum ETF by 100.5% in the second quarter. LPL Financial LLC now owns 69,509 shares of the company worth $7,538,000 after purchasing an additional 34,846 shares last quarter. Citadel Advisors LLC increased its holdings in the Invesco DWA Technology Momentum ETF by 4,195.7% during the second quarter. Citadel Advisors LLC now owns 5,652 shares of the company worth $613,000 after acquiring an additional 5,790 shares last quarter. Centaurus Financial Corp.’s Invesco DWA Technology Momentum ETF increased holdings by 142.1% in the first quarter. Centaurus Financial now owns 1,600 shares of the company worth $221,000 after acquiring an additional 939 shares last quarter. FMR LLC increased its holdings in the Invesco DWA Technology Momentum ETF by 11,433.3% during the second quarter. FMR LLC now owns 346 shares of the company worth $38,000 after acquiring an additional 343 shares last quarter. Finally, Raymond James Financial Services Advisors Inc. increased holdings in the Invesco DWA Technology Momentum ETF by 4.9% in the third quarter. Raymond James Financial Services Advisors now owns 9,700 shares of the company worth $1,031,000 after acquiring an additional 450 shares last quarter.
Invesco DWA Technology Momentum ETF Price Performance
PTF stock opened Thursday at $125.63. The Invesco DWA Technology Momentum ETF had a 1-year low of $98.88 and a 1-year high of $147.26. The company’s 50-day moving average is $118.46 and its 200-day moving average is $118.28.
About Invesco DWA Technology Momentum ETF
(get rating)
The PowerShares Dynamic Technology Sector Portfolio (Fund) seeks investment results that generally correspond to the price and yield of the Dynamic Technology Sector Intellidex Index (Index). The index is made up of stocks of U.S. technology companies. These companies are primarily in the business of providing technology-related products and services, including computer hardware and software, the Internet, electronics and semiconductors, and communications technology.
read more
This breaking news alert is powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate coverage. This story was reviewed by MarketBeat’s editorial team before publication. Please send any questions or comments about this story to contact@marketbeat.com.
You’ll want to hear this before you consider the Invesco DWA Technology Momentum ETF.
MarketBeat tracks Wall Street’s highest-rated and top-performing research analysts and the stocks they recommend to clients on a daily basis. MarketBeat has identified five top analysts quietly telling their clients to buy before the broader market catches up…and the Invesco DWA Technology Momentum ETF isn’t on the list.
Although the Invesco DWA Technology Momentum ETF currently has a “hold” rating among analysts, the top-rated analysts see these five stocks as better buys.
Check out five stocks here
