Invesco DWA Utilities Momentum ETF (PTE) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Invesco DWA Utilities Momentum ETF (NYSE:PTE) from a sell rating to a hold rating in a research note released on Friday.

According to Zacks, “PolarityTE, Inc. creates regenerative medicine and provides tissue engineering platform. It develops and obtains regulatory approval for technology which utilizes a patient’s own tissue substrates for regeneration of skin, bone, muscle, cartilage and nerves. The product pipeline comprises SkinTE, OsteoTE, AngioTE, MyoTE, CarteTE, AdiposeTE and NeuralTE. PolarityTE, Inc., formerly known as Majesco Entertainment Company, is headquatered in Salt lake City, Utah. “

Separately, Cantor Fitzgerald restated a buy rating and set a $65.00 price target on shares of Invesco DWA Utilities Momentum ETF in a research report on Tuesday, September 25th.

PTE traded down $0.15 on Friday, hitting $14.49. 389,635 shares of the company were exchanged, compared to its average volume of 524,176. Invesco DWA Utilities Momentum ETF has a 12 month low of $11.54 and a 12 month high of $41.22.

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

In related news, CFO Paul Elliot Mann purchased 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 cost of $17.24 per share, for a total transaction of $344,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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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