Advocacy Wealth Management Services LLC lessened its stake in shares of Invesco Dynamic Media ETF (NYSEARCA:PBS) by 98.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 897 shares of the company’s stock after selling 79,460 shares during the period. Advocacy Wealth Management Services LLC’s holdings in Invesco Dynamic Media ETF were worth $46,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of PBS. Brookstone Capital Management bought a new position in shares of Invesco Dynamic Media ETF during the 4th quarter worth approximately $1,945,000. CIBC World Markets Inc. bought a new position in shares of Invesco Dynamic Media ETF during the 4th quarter worth approximately $229,000. Finally, FormulaFolio Investments LLC acquired a new stake in Invesco Dynamic Media ETF during the 4th quarter valued at $1,918,000.
PBS stock traded up $0.11 during midday trading on Thursday, reaching $52.46. 9,544 shares of the company’s stock traded hands, compared to its average volume of 30,164. The company has a 50-day simple moving average of $54.33 and a two-hundred day simple moving average of $45.84. Invesco Dynamic Media ETF has a 1-year low of $24.47 and a 1-year high of $58.80.
PowerShares Dynamic Media Portfolio (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Media Intellidex Index (the Index). The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.
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