Janney Montgomery Scott LLC Reduces Holdings in Invesco Dorsey Wright Financial Momentum ETF $PFI

Janney Montgomery Scott LLC lowered its position in Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) by 95.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,372 shares of the company’s stock after selling 86,531 shares during the quarter. Janney Montgomery Scott LLC owned 0.71% of Invesco Dorsey Wright Financial Momentum ETF worth $233,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF during the fourth quarter valued at about $35,000. Geneos Wealth Management Inc. increased its position in shares of Invesco Dorsey Wright Financial Momentum ETF by 200.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $102,000 after acquiring an additional 1,200 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Invesco Dorsey Wright Financial Momentum ETF in the fourth quarter worth about $115,000. Jones Financial Companies Lllp lifted its stake in shares of Invesco Dorsey Wright Financial Momentum ETF by 677.4% in the first quarter. Jones Financial Companies Lllp now owns 2,612 shares of the company’s stock worth $140,000 after acquiring an additional 2,276 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Invesco Dorsey Wright Financial Momentum ETF by 4.6% in the fourth quarter. Cetera Investment Advisers now owns 5,116 shares of the company’s stock valued at $295,000 after purchasing an additional 225 shares during the last quarter.

Invesco Dorsey Wright Financial Momentum ETF Stock Performance

Shares of PFI opened at $62.68 on Monday. 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 moving average price of $60.17 and a 200 day moving average price of $57.82. The company has a market capitalization of $55.16 million, a P/E ratio of 18.63 and a beta of 1.01.

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.