Financial Management Professionals Inc. Has $3.46 Million Stock Position in Invesco Dynamic Software ETF (NYSEARCA:PSJ)

Financial Management Professionals Inc. lowered its position in shares of Invesco Dynamic Software ETF (NYSEARCA:PSJ) by 0.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,197 shares of the company’s stock after selling 265 shares during the quarter. Invesco Dynamic Software ETF comprises 1.3% of Financial Management Professionals Inc.’s holdings, making the stock its 18th biggest position. Financial Management Professionals Inc. owned 0.72% of Invesco Dynamic Software ETF worth $3,462,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PSJ. Niemann Capital Management Inc. acquired a new stake in shares of Invesco Dynamic Software ETF during the second quarter worth $13,522,000. Morgan Stanley lifted its holdings in shares of Invesco Dynamic Software ETF by 27.7% during the second quarter. Morgan Stanley now owns 175,989 shares of the company’s stock worth $16,865,000 after buying an additional 38,228 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Invesco Dynamic Software ETF by 65.3% during the second quarter. LPL Financial LLC now owns 67,174 shares of the company’s stock worth $6,437,000 after buying an additional 26,542 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Invesco Dynamic Software ETF during the second quarter worth $2,053,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Invesco Dynamic Software ETF by 8.1% during the second quarter. Wells Fargo & Company MN now owns 242,106 shares of the company’s stock worth $23,201,000 after buying an additional 18,183 shares in the last quarter.

Shares of PSJ traded up $1.95 during midday trading on Friday, reaching $95.68. 837 shares of the stock were exchanged, compared to its average volume of 71,088. Invesco Dynamic Software ETF has a twelve month low of $68.08 and a twelve month high of $104.38. The stock’s 50 day simple moving average is $94.94 and its 200 day simple moving average is $95.52.

About Invesco Dynamic Software ETF

PowerShares Dynamic Software Portfolio (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Software 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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Institutional Ownership by Quarter for Invesco Dynamic Software ETF (NYSEARCA:PSJ)

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