Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Stake Cut by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its holdings in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,559 shares of the company’s stock after selling 975 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.49% of Invesco Dorsey Wright Healthcare Momentum ETF worth $687,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Citigroup Inc. increased its position in Invesco Dorsey Wright Healthcare Momentum ETF by 45.0% in the 4th quarter. Citigroup Inc. now owns 290 shares of the company’s stock worth $36,000 after purchasing an additional 90 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the 2nd quarter worth about $46,000. National Bank of Canada FI increased its position in Invesco Dorsey Wright Healthcare Momentum ETF by 200.0% in the 3rd quarter. National Bank of Canada FI now owns 900 shares of the company’s stock worth $29,000 after purchasing an additional 600 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 200.0% during the 3rd quarter. Geneos Wealth Management Inc. now owns 975 shares of the company’s stock valued at $33,000 after acquiring an additional 650 shares during the last quarter. Finally, Advisory Services Network LLC increased its holdings in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 80.7% during the 1st quarter. Advisory Services Network LLC now owns 1,048 shares of the company’s stock valued at $118,000 after acquiring an additional 468 shares during the last quarter.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance

Shares of NASDAQ PTH opened at $40.51 on Thursday. The firm has a market cap of $138.95 million, a price-to-earnings ratio of 9.70 and a beta of 0.85. The business’s 50-day simple moving average is $43.69 and its 200-day simple moving average is $38.30. Invesco Dorsey Wright Healthcare Momentum ETF has a 52 week low of $29.08 and a 52 week high of $47.22.

Invesco Dorsey Wright Healthcare Momentum ETF Company Profile

PowerShares Dynamic Healthcare Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Healthcare Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.