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

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $123.97 and traded as high as $131.30. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $126.77, with a volume of 134,674 shares changing hands.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

The company has a market cap of $599.49 million, a price-to-earnings ratio of 32.05 and a beta of 1.67. The company’s fifty day moving average is $124.09 and its two-hundred day moving average is $100.50.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in PTF. Jane Street Group LLC lifted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 108.1% in the 1st quarter. Jane Street Group LLC now owns 24,668 shares of the company’s stock valued at $1,454,000 after purchasing an additional 329,668 shares during the period. Ameriprise Financial Inc. grew its position in Invesco Dorsey Wright Technology Momentum ETF by 107.5% during the second quarter. Ameriprise Financial Inc. now owns 212,785 shares of the company’s stock valued at $14,602,000 after buying an additional 110,228 shares during the period. Paller Financial Services Inc acquired a new stake in Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter valued at $5,948,000. IMC Chicago LLC increased its holdings in Invesco Dorsey Wright Technology Momentum ETF by 259.9% in the fourth quarter. IMC Chicago LLC now owns 21,104 shares of the company’s stock valued at $1,614,000 after buying an additional 34,299 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in Invesco Dorsey Wright Technology Momentum ETF by 317.5% in the third quarter. Private Advisor Group LLC now owns 35,281 shares of the company’s stock valued at $2,640,000 after buying an additional 26,830 shares in the last quarter.

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.