Bleakley Financial Group LLC Invests $1.53 Million in Invesco Dorsey Wright Technology Momentum ETF $PTF

Bleakley Financial Group LLC purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,675 shares of the company’s stock, valued at approximately $1,526,000.

Other hedge funds also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Invesco Dorsey Wright Technology Momentum ETF during the 4th quarter worth $57,000. Qube Research & Technologies Ltd raised its position in Invesco Dorsey Wright Technology Momentum ETF by 5,685.0% in the second quarter. Qube Research & Technologies Ltd now owns 1,157 shares of the company’s stock valued at $79,000 after purchasing an additional 1,137 shares during the last quarter. Sankala Group LLC bought a new position in Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter valued at about $144,000. Jones Financial Companies Lllp boosted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 29.0% during the first quarter. Jones Financial Companies Lllp now owns 2,203 shares of the company’s stock valued at $130,000 after purchasing an additional 495 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the third quarter valued at about $203,000.

Invesco Dorsey Wright Technology Momentum ETF Trading Down 7.1%

NASDAQ:PTF opened at $101.12 on Friday. The stock has a market cap of $657.28 million, a P/E ratio of 32.05 and a beta of 1.65. The stock’s 50-day moving average is $123.89 and its 200-day moving average is $102.93. Invesco Dorsey Wright Technology Momentum ETF has a 1-year low of $64.29 and a 1-year high of $139.65.

Invesco Dorsey Wright Technology Momentum ETF Company Profile

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.