Valmark Advisers Inc. Decreases Stock Holdings in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH)

Valmark Advisers Inc. cut its stake in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) by 6.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,967 shares of the company’s stock after selling 419 shares during the quarter. Valmark Advisers Inc. owned approximately 0.18% of Invesco Dorsey Wright Healthcare Momentum ETF worth $234,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PTH. Atria Wealth Solutions Inc. acquired a new position in Invesco Dorsey Wright Healthcare Momentum ETF during the fourth quarter worth $694,000. Private Trust Co. NA acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter worth $26,000. Sunbelt Securities Inc. increased its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 391.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 12,836 shares of the company’s stock worth $431,000 after purchasing an additional 10,223 shares during the period. Asset Allocation Strategies LLC increased its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 221.2% during the third quarter. Asset Allocation Strategies LLC now owns 10,331 shares of the company’s stock worth $347,000 after buying an additional 7,115 shares during the period. Finally, Glenmede Trust Co. NA increased its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 200.0% in the third quarter. Glenmede Trust Co. NA now owns 5,541 shares of the company’s stock valued at $186,000 after buying an additional 3,694 shares during the last quarter.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Up 2.2 %

Shares of PTH stock opened at $40.74 on Tuesday. Invesco Dorsey Wright Healthcare Momentum ETF has a 52-week low of $29.08 and a 52-week high of $47.22. The stock’s 50-day moving average price is $43.04 and its 200 day moving average price is $38.74. The stock has a market capitalization of $138.11 million, a PE ratio of 8.95 and a beta of 0.85.

Invesco Dorsey Wright Healthcare Momentum ETF 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.