Raymond James Financial Services Advisors Inc. lowered its position in Invesco Dynamic Software ETF (NYSEARCA:PSJ – Free Report) by 9.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,061 shares of the company’s stock after selling 305 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.16% of Invesco Dynamic Software ETF worth $330,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its stake in shares of Invesco Dynamic Software ETF by 5.4% during the 1st quarter. Cetera Investment Advisers now owns 2,692 shares of the company’s stock worth $300,000 after buying an additional 137 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Invesco Dynamic Software ETF by 1.3% during the 3rd quarter. Royal Bank of Canada now owns 12,858 shares of the company’s stock worth $1,142,000 after buying an additional 170 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Invesco Dynamic Software ETF by 12.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,733 shares of the company’s stock worth $277,000 after buying an additional 299 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Invesco Dynamic Software ETF by 146.6% during the 4th quarter. JPMorgan Chase & Co. now owns 624 shares of the company’s stock worth $56,000 after buying an additional 371 shares during the last quarter. Finally, Money Concepts Capital Corp acquired a new stake in shares of Invesco Dynamic Software ETF during the 4th quarter worth about $34,000.
Invesco Dynamic Software ETF Stock Performance
NYSEARCA PSJ opened at $33.50 on Friday. Invesco Dynamic Software ETF has a 52-week low of $28.56 and a 52-week high of $38.22. The firm has a 50-day moving average of $32.92 and a 200-day moving average of $33.73. The stock has a market cap of $180.90 million, a PE ratio of 30.88 and a beta of 1.01.
Invesco Dynamic Software ETF 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.
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