Private Advisory Group LLC Raises Position in Invesco Dynamic Software ETF (NYSEARCA:PSJ)

Private Advisory Group LLC increased its holdings in Invesco Dynamic Software ETF (NYSEARCA:PSJ) by 120.8% during the second quarter, Holdings Channel.com reports. The firm owned 8,051 shares of the company’s stock after acquiring an additional 4,404 shares during the quarter. Private Advisory Group LLC’s holdings in Invesco Dynamic Software ETF were worth $772,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Winslow Evans & Crocker Inc. increased its position in shares of Invesco Dynamic Software ETF by 12.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 936 shares of the company’s stock valued at $90,000 after acquiring an additional 100 shares during the period. Global Retirement Partners LLC purchased a new position in shares of Invesco Dynamic Software ETF in the first quarter valued at about $26,000. NEXT Financial Group Inc purchased a new position in shares of Invesco Dynamic Software ETF in the second quarter valued at about $91,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Invesco Dynamic Software ETF by 45.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,704 shares of the company’s stock valued at $430,000 after acquiring an additional 1,474 shares during the period. Finally, Parker Investment Management LLC increased its position in shares of Invesco Dynamic Software ETF by 56.6% in the first quarter. Parker Investment Management LLC now owns 4,587 shares of the company’s stock valued at $419,000 after acquiring an additional 1,657 shares during the period.

Shares of PSJ stock traded down $3.51 during mid-day trading on Monday, reaching $95.95. The stock had a trading volume of 5,511 shares, compared to its average volume of 68,289. The company has a 50-day moving average price of $98.81. Invesco Dynamic Software ETF has a 52-week low of $68.08 and a 52-week high of $104.38.

Invesco Dynamic Software ETF Company Profile

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.

Further Reading: How to use beta for portfolio diversification

Want to see what other hedge funds are holding PSJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Dynamic Software ETF (NYSEARCA:PSJ).

Institutional Ownership by Quarter for Invesco Dynamic Software ETF (NYSEARCA:PSJ)

Receive News & Ratings for Invesco Dynamic Software ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Dynamic Software ETF and related companies with MarketBeat.com's FREE daily email newsletter.