Advisor Group Inc. reduced its stake in PowerShares Dynamic Software (NYSEARCA:PSJ) by 33.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,895 shares of the company’s stock after selling 1,434 shares during the period. Advisor Group Inc. owned 0.14% of PowerShares Dynamic Software worth $184,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. Wagner Bowman Management Corp acquired a new stake in shares of PowerShares Dynamic Software in the 4th quarter worth approximately $201,000. Calton & Associates Inc. acquired a new stake in shares of PowerShares Dynamic Software in the 4th quarter worth approximately $639,000. Niemann Capital Management Inc. acquired a new stake in shares of PowerShares Dynamic Software in the 4th quarter worth approximately $6,701,000. Finally, Wells Fargo & Company MN lifted its stake in shares of PowerShares Dynamic Software by 4.1% in the 4th quarter. Wells Fargo & Company MN now owns 131,496 shares of the company’s stock worth $8,350,000 after acquiring an additional 5,148 shares during the period.
Shares of NYSEARCA:PSJ opened at $68.56 on Friday. PowerShares Dynamic Software has a twelve month low of $50.88 and a twelve month high of $73.27.
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PowerShares Dynamic Software 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.
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