NewEdge Advisors LLC Grows Stake in Invesco Dorsey Wright Healthcare Momentum ETF $PTH

NewEdge Advisors LLC grew its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) by 7,172.1% during the first quarter, HoldingsChannel reports. The firm owned 33,597 shares of the company’s stock after buying an additional 33,135 shares during the period. NewEdge Advisors LLC’s holdings in Invesco Dorsey Wright Healthcare Momentum ETF were worth $1,646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 12,990.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 47,124 shares of the company’s stock valued at $2,342,000 after buying an additional 46,764 shares during the period. Oppenheimer & Co. Inc. purchased a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter worth approximately $737,000. Wells Fargo & Company MN boosted its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 163.9% in the 4th quarter. Wells Fargo & Company MN now owns 35,139 shares of the company’s stock worth $1,746,000 after acquiring an additional 21,822 shares during the period. Jones Financial Companies Lllp boosted its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 1,124.0% in the 1st quarter. Jones Financial Companies Lllp now owns 14,688 shares of the company’s stock worth $580,000 after acquiring an additional 13,488 shares during the period. Finally, Captrust Financial Advisors grew its position in Invesco Dorsey Wright Healthcare Momentum ETF by 3.8% in the fourth quarter. Captrust Financial Advisors now owns 6,004 shares of the company’s stock valued at $298,000 after acquiring an additional 222 shares in the last quarter.

Invesco Dorsey Wright Healthcare Momentum ETF Price Performance

Invesco Dorsey Wright Healthcare Momentum ETF stock opened at $60.33 on Friday. Invesco Dorsey Wright Healthcare Momentum ETF has a 12-month low of $38.60 and a 12-month high of $61.78. The company has a market capitalization of $238.91 million, a price-to-earnings ratio of 35.21 and a beta of 0.81. The firm’s fifty day moving average price is $57.54 and its 200 day moving average price is $52.53.

About Invesco Dorsey Wright Healthcare Momentum ETF

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. Securities shown to possess the greatest capital appreciation potential are selected by the Index.The Fund invests only in health care sector.