Traders Buy Large Volume of Put Options on Invesco DWA Utilities Momentum ETF (PTE)

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Invesco DWA Utilities Momentum ETF (NYSE:PTE) was the recipient of unusually large options trading on Thursday. Stock traders acquired 6,413 put options on the stock. This represents an increase of 1,566% compared to the average volume of 385 put options.

In other Invesco DWA Utilities Momentum ETF news, Director Rainer M. Erdtmann bought 6,680 shares of Invesco DWA Utilities Momentum ETF stock in a transaction that occurred on Friday, September 14th. The shares were purchased at an average cost of $17.42 per share, for a total transaction of $116,365.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul Elliot Mann bought 20,000 shares of Invesco DWA Utilities Momentum ETF stock in a transaction that occurred on Tuesday, September 18th. The shares were acquired at an average price of $17.24 per share, for a total transaction of $344,800.00. The disclosure for this purchase can be found here. Insiders have purchased 27,180 shares of company stock worth $469,801 over the last quarter.

NYSE:PTE traded up $0.26 on Friday, hitting $13.41. 198,706 shares of the stock were exchanged, compared to its average volume of 517,729. Invesco DWA Utilities Momentum ETF has a fifty-two week low of $11.54 and a fifty-two week high of $41.22.

Invesco DWA Utilities Momentum ETF (NYSE:PTE) last announced its quarterly earnings results on Wednesday, September 12th. The company reported ($0.86) EPS for the quarter. The business had revenue of $0.42 million during the quarter.

PTE has been the subject of several research analyst reports. Cantor Fitzgerald restated a “buy” rating and set a $65.00 price target on shares of Invesco DWA Utilities Momentum ETF in a research note on Monday, October 15th. Zacks Investment Research upgraded Invesco DWA Utilities Momentum ETF from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd.

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About Invesco DWA Utilities Momentum ETF

PolarityTE, Inc operates as commercial-stage biotechnology and regenerative biomaterials company in the United States. The company focuses on discovering, designing and developing a range of regenerative tissue products and biomaterials for the fields of medicine, biomedical engineering, and material sciences.

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