Invesco DWA Financial Momentum ETF (NASDAQ:PFI) Stock Position Lifted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its holdings in Invesco DWA Financial Momentum ETF (NASDAQ:PFI) by 10.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,870 shares of the company’s stock after acquiring an additional 4,326 shares during the period. Janney Montgomery Scott LLC owned 4.46% of Invesco DWA Financial Momentum ETF worth $1,754,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PFI. Invesco Ltd. bought a new stake in Invesco DWA Financial Momentum ETF in the second quarter worth approximately $12,939,000. Transamerica Financial Advisors Inc. bought a new stake in Invesco DWA Financial Momentum ETF in the second quarter worth approximately $4,043,000. Western Wealth Management LLC bought a new stake in Invesco DWA Financial Momentum ETF in the second quarter worth approximately $2,329,000. Royal Bank of Canada grew its position in Invesco DWA Financial Momentum ETF by 969.7% in the second quarter. Royal Bank of Canada now owns 43,535 shares of the company’s stock worth $1,615,000 after acquiring an additional 39,465 shares in the last quarter. Finally, Private Advisor Group LLC bought a new stake in Invesco DWA Financial Momentum ETF in the second quarter worth approximately $961,000.

NASDAQ PFI opened at $37.24 on Friday. The company has a fifty day simple moving average of $37.42 and a 200 day simple moving average of $37.07. Invesco DWA Financial Momentum ETF has a 1 year low of $26.89 and a 1 year high of $39.23.

About Invesco DWA 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.

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Institutional Ownership by Quarter for Invesco DWA Financial Momentum ETF (NASDAQ:PFI)

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