Concurrent Investment Advisors LLC Invests $456,000 in Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)

Concurrent Investment Advisors LLC purchased a new position in shares of Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) in the fourth quarter, Holdings Channel.com reports. The firm purchased 6,280 shares of the company’s stock, valued at approximately $456,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Atria Wealth Solutions Inc. raised its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 57.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 14,753 shares of the company’s stock worth $1,070,000 after purchasing an additional 5,408 shares in the last quarter. Scarborough Advisors LLC bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at approximately $5,022,000. Golden State Wealth Management LLC bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at approximately $1,654,000. Journey Strategic Wealth LLC bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at approximately $218,000. Finally, DMC Group LLC bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at approximately $250,000.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

Shares of PTF stock opened at $66.29 on Tuesday. The stock’s 50 day simple moving average is $72.62 and its 200 day simple moving average is $68.80. Invesco Dorsey Wright Technology Momentum ETF has a twelve month low of $50.05 and a twelve month high of $80.92. The company has a market capitalization of $521.04 million, a price-to-earnings ratio of 39.10 and a beta of 1.23.

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.