1. Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)
5-Year Share Price Performance as of March 26: 159.77%
Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) tracks the Dorsey Wright Technology Technical Leaders Index, which identifies companies demonstrating relative strength or momentum. Comprising at least 30 securities from the NASDAQ US Benchmark Index, the index measures a security’s performance compared to others in their universe over time. As of March 25, 2024, Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)’s portfolio consists of 40 stocks, along with a net expense ratio of 0.60%.
MicroStrategy Incorporated (NASDAQ:MSTR) is the largest holding of Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF). The company provides enterprise analytics software and services powered by artificial intelligence worldwide. MicroStrategy also engages in bitcoin development. On March 19, MicroStrategy Incorporated (NASDAQ:MSTR) acquired an additional 9,245 bitcoins for $623 million, increasing the software firm’s total bitcoin holdings to approximately 214,246 tokens.
According to Insider Monkey’s fourth quarter database, 16 hedge funds were bullish on MicroStrategy Incorporated (NASDAQ:MSTR), same as the prior quarter.
Miller Value Partners Income Strategy made the following comment about MicroStrategy Incorporated (NASDAQ:MSTR) in its Q1 2023 investor letter:
“MicroStrategy Incorporated (NASDAQ:MSTR) 0.75% 12/15/2025 rose in sympathy with Bitcoin’s 71.7% gain during the first quarter. The company reported 4Q22 revenue of $132.6MM, -1.5% Y/Y (+4.1% on constant currency basis), ahead of consensus of $131.0MM, and an adjusted loss from operations of -$176.7MM, compared to a 4Q21 adjusted loss of -$124.3MM. During the quarter, MicroStrategy’s subsidiary, Macrostrategy, voluntarily paid off a $205MM loan to Silvergate Bank with a 22% discount after the bank filed for liquidation earlier this year. Additionally, MicroStrategy reported that it purchased another ~6.5K bitcoin for ~$150MM in cash, at an average price of $23.2K per token, bringing the company’s total holdings to ~139.0K bitcoin as of 3/23/23, which is worth approximately $3.95B based on a bitcoin price of ~$28.4K as of 3/31/23.”
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