Comerica Bank Trims Stock Position in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)

Comerica Bank trimmed its stake in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) by 15.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,108 shares of the company’s stock after selling 1,813 shares during the period. Comerica Bank owned approximately 0.13% of Invesco Dorsey Wright Technology Momentum ETF worth $733,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PTF. LPL Financial LLC increased its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 8.7% during the fourth quarter. LPL Financial LLC now owns 627,147 shares of the company’s stock worth $45,506,000 after purchasing an additional 50,452 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter worth $21,749,000. Transamerica Financial Advisors Inc. grew its holdings in Invesco Dorsey Wright Technology Momentum ETF by 4.0% during the fourth quarter. Transamerica Financial Advisors Inc. now owns 248,394 shares of the company’s stock worth $18,024,000 after acquiring an additional 9,625 shares during the period. MML Investors Services LLC grew 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 worth $11,312,000 after buying an additional 51,361 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in Invesco Dorsey Wright Technology Momentum ETF by 3.8% during the fourth quarter. Wells Fargo & Company MN now owns 132,604 shares of the company’s stock worth $9,622,000 after purchasing an additional 4,832 shares during the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Stock Up 1.5%

Shares of PTF stock opened at $64.64 on Wednesday. The business has a fifty day simple moving average of $58.61 and a 200-day simple moving average of $67.37. Invesco Dorsey Wright Technology Momentum ETF has a fifty-two week low of $49.57 and a fifty-two week high of $80.92. The stock has a market cap of $391.07 million, a P/E ratio of 37.20 and a beta of 1.23.

Invesco Dorsey Wright Technology Momentum ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a dividend of $0.1491 per share. The ex-dividend date was Monday, March 24th.

Invesco Dorsey Wright Technology Momentum ETF 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.