Niemann Capital Management Inc. bought a new position in shares of PowerShares Dynamic Software (NYSEARCA:PSJ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 105,530 shares of the company’s stock, valued at approximately $6,701,000. PowerShares Dynamic Software comprises approximately 4.0% of Niemann Capital Management Inc.’s investment portfolio, making the stock its 11th biggest position. Niemann Capital Management Inc. owned approximately 5.15% of PowerShares Dynamic Software as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Wagner Bowman Management Corp acquired a new stake in PowerShares Dynamic Software in the fourth quarter valued at $201,000. Calton & Associates Inc. bought a new position in PowerShares Dynamic Software during the fourth quarter worth about $639,000. Finally, Wells Fargo & Company MN increased its position in PowerShares Dynamic Software by 4.1% during the fourth 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.
PowerShares Dynamic Software (PSJ) opened at $72.31 on Wednesday. The company has a market cap of $160.77 and a PE ratio of 8.66. PowerShares Dynamic Software has a 1 year low of $49.97 and a 1 year high of $73.27.
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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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