Valley Wealth Managers Inc. Purchases 18,074 Shares of Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)

Valley Wealth Managers Inc. raised its position in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) by 60.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 47,887 shares of the company’s stock after acquiring an additional 18,074 shares during the period. Valley Wealth Managers Inc.’s holdings in Invesco Dorsey Wright Technology Momentum ETF were worth $3,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in PTF. Centaurus Financial Inc. grew its position in Invesco Dorsey Wright Technology Momentum ETF by 27.2% during the second quarter. Centaurus Financial Inc. now owns 5,150 shares of the company’s stock worth $319,000 after buying an additional 1,100 shares in the last quarter. Private Advisory Group LLC purchased a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the 2nd quarter worth about $348,000. Cetera Advisors LLC boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 25.2% in the 1st quarter. Cetera Advisors LLC now owns 8,688 shares of the company’s stock worth $498,000 after purchasing an additional 1,750 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.4% in the 3rd quarter. Private Advisor Group LLC now owns 14,866 shares of the company’s stock worth $943,000 after purchasing an additional 766 shares in the last quarter. Finally, SPC Financial Inc. boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.9% in the 2nd quarter. SPC Financial Inc. now owns 16,376 shares of the company’s stock worth $1,014,000 after purchasing an additional 308 shares in the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Trading Down 1.0 %

Shares of PTF traded down $0.72 during midday trading on Friday, reaching $69.96. The stock had a trading volume of 869 shares, compared to its average volume of 24,356. The company’s 50-day moving average is $64.79 and its 200 day moving average is $61.64. Invesco Dorsey Wright Technology Momentum ETF has a 12-month low of $45.47 and a 12-month high of $74.83. The company has a market capitalization of $503.71 million, a price-to-earnings 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.