Western Wealth Management LLC reduced its stake in Invesco Dynamic Media ETF (NYSEARCA:PBS) by 12.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,845 shares of the company’s stock after selling 1,682 shares during the period. Western Wealth Management LLC owned approximately 0.62% of Invesco Dynamic Media ETF worth $395,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Advisory Services Network LLC bought a new stake in Invesco Dynamic Media ETF during the first quarter worth $34,000. Advisors Preferred LLC acquired a new position in shares of Invesco Dynamic Media ETF during the second quarter worth $47,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Invesco Dynamic Media ETF during the second quarter worth $120,000. CIBC World Markets Inc. acquired a new position in shares of Invesco Dynamic Media ETF during the first quarter worth $228,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of Invesco Dynamic Media ETF by 36.9% during the first quarter. Oppenheimer & Co. Inc. now owns 13,267 shares of the company’s stock worth $431,000 after buying an additional 3,578 shares in the last quarter.
Shares of NYSEARCA:PBS traded down $0.98 during trading on Friday, hitting $31.22. 25,919 shares of the company were exchanged, compared to its average volume of 22,096. The business’s 50 day moving average is $33.57 and its 200-day moving average is $33.26. Invesco Dynamic Media ETF has a 1-year low of $26.83 and a 1-year high of $35.17.
PowerShares Dynamic Media Portfolio (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Media 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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