Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $73.30 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 trading hands.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

The firm has a market capitalization of $575.12 million, a price-to-earnings ratio of 12.47 and a beta of 1.23. The firm’s 50-day simple moving average is $73.30 and its 200 day simple moving average is $68.09.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PTF. KKM Financial LLC grew its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 4.1% in the third quarter. KKM Financial LLC now owns 5,830 shares of the company’s stock worth $370,000 after purchasing an additional 228 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Invesco Dorsey Wright Technology Momentum ETF by 0.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 109,764 shares of the company’s stock valued at $7,964,000 after acquiring an additional 393 shares during the last quarter. MGO One Seven LLC boosted its position in Invesco Dorsey Wright Technology Momentum ETF by 8.3% during the fourth quarter. MGO One Seven LLC now owns 9,838 shares of the company’s stock valued at $714,000 after acquiring an additional 758 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.4% during the third quarter. Private Advisor Group LLC now owns 14,866 shares of the company’s stock valued at $943,000 after purchasing an additional 766 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 20.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,541 shares of the company’s stock valued at $329,000 after purchasing an additional 769 shares during the period.

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.