SignalPoint Asset Management LLC Trims Stake in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)

SignalPoint Asset Management LLC reduced its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 32,882 shares of the company’s stock after selling 241 shares during the period. SignalPoint Asset Management LLC’s holdings in Invesco Dorsey Wright Technology Momentum ETF were worth $2,386,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the third quarter worth $259,000. Stifel Financial Corp increased its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 8.2% in the third quarter. Stifel Financial Corp now owns 63,388 shares of the company’s stock worth $4,021,000 after purchasing an additional 4,791 shares in the last quarter. StoneX Group Inc. increased its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.6% in the third quarter. StoneX Group Inc. now owns 33,883 shares of the company’s stock worth $2,149,000 after purchasing an additional 1,808 shares in the last quarter. KKM Financial LLC increased its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 4.1% in the third quarter. KKM Financial LLC now owns 5,830 shares of the company’s stock worth $370,000 after purchasing an additional 228 shares in the last quarter. Finally, Theory Financial LLC increased its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 22.3% in the third quarter. Theory Financial LLC now owns 99,014 shares of the company’s stock worth $6,361,000 after purchasing an additional 18,063 shares in the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

Shares of NASDAQ PTF opened at $70.97 on Thursday. The firm has a fifty day moving average price of $74.19 and a 200-day moving average price of $66.44. Invesco Dorsey Wright Technology Momentum ETF has a 1 year low of $47.43 and a 1 year high of $80.92. The stock has a market cap of $561.37 million, a PE ratio of 12.47 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.