Invesco Dorsey Wright Financial Momentum ETF $PFI Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its stake in shares of Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) by 95.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,372 shares of the company’s stock after selling 86,531 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Invesco Dorsey Wright Financial Momentum ETF were worth $233,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PFI. Cetera Investment Advisers increased its position in shares of Invesco Dorsey Wright Financial Momentum ETF by 4.6% in the 4th quarter. Cetera Investment Advisers now owns 5,116 shares of the company’s stock worth $295,000 after purchasing an additional 225 shares during the last quarter. Trueblood Wealth Management LLC raised its stake in shares of Invesco Dorsey Wright Financial Momentum ETF by 6.1% in the 4th quarter. Trueblood Wealth Management LLC now owns 7,405 shares of the company’s stock valued at $427,000 after purchasing an additional 428 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Invesco Dorsey Wright Financial Momentum ETF by 9.4% during the fourth quarter. Royal Bank of Canada now owns 5,854 shares of the company’s stock worth $338,000 after purchasing an additional 503 shares during the last quarter. Darwin Wealth Management LLC bought a new position in shares of Invesco Dorsey Wright Financial Momentum ETF during the fourth quarter worth about $35,000. Finally, Advisory Services Network LLC grew its stake in Invesco Dorsey Wright Financial Momentum ETF by 11.1% in the fourth quarter. Advisory Services Network LLC now owns 7,683 shares of the company’s stock worth $444,000 after purchasing an additional 769 shares in the last quarter.

Invesco Dorsey Wright Financial Momentum ETF Stock Performance

NASDAQ:PFI opened at $62.68 on Monday. The company has a market capitalization of $55.16 million, a price-to-earnings ratio of 18.63 and a beta of 1.01. Invesco Dorsey Wright Financial Momentum ETF has a one year low of $51.57 and a one year high of $64.00. The stock has a 50-day simple moving average of $60.17 and a 200 day simple moving average of $57.82.

About Invesco Dorsey Wright Financial Momentum ETF

PowerShares Dynamic Financial Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Financial Sector Intellidex Index (the Index). The Fund will 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.