CIBC World Markets Inc. lowered its position in PowerShares Dynamic Heathcare Sec (NASDAQ:PTH) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,025 shares of the company’s stock after selling 675 shares during the quarter. CIBC World Markets Inc. owned approximately 0.31% of PowerShares Dynamic Heathcare Sec worth $434,000 at the end of the most recent quarter.
Separately, Steward Partners Investment Advisory LLC purchased a new position in PowerShares Dynamic Heathcare Sec in the fourth quarter valued at about $670,000.
Shares of PowerShares Dynamic Heathcare Sec (NASDAQ PTH) opened at $72.62 on Friday. PowerShares Dynamic Heathcare Sec has a 12-month low of $51.56 and a 12-month high of $80.56. The firm has a market capitalization of $169.45, a PE ratio of 7.92 and a beta of 1.31.
PowerShares Dynamic Healthcare Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Healthcare Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.
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