Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $68.01 and traded as high as $73.36. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $73.17, with a volume of 21,454 shares.

Invesco Dorsey Wright Technology Momentum ETF Stock Down 1.2 %

The stock has a 50 day moving average of $73.30 and a 200 day moving average of $68.01. The company has a market capitalization of $575.12 million, a price-to-earnings ratio of 12.47 and a beta of 1.23.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 143.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,708 shares of the company’s stock worth $124,000 after acquiring an additional 1,006 shares during the period. OneDigital Investment Advisors LLC bought a new stake in Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter worth approximately $203,000. Journey Strategic Wealth LLC bought a new stake in Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter worth approximately $218,000. Berger Financial Group Inc bought a new stake in Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter worth approximately $219,000. Finally, Evergreen Advisors LLC bought a new stake in Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter worth approximately $229,000.

Invesco Dorsey Wright Technology Momentum ETF Company Profile

PowerShares Dynamic Technology Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Technology Sector Intellidex Index (the Index). The Index consists of stocks of the United States technology companies. These are companies that are principally engaged in the business of providing technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors, and communication technologies.