Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Reaches New 1-Year High – Here’s Why

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $121.67 and last traded at $121.67, with a volume of 126733 shares traded. The stock had previously closed at $118.34.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

The company has a 50 day moving average of $96.61 and a 200 day moving average of $86.45. The stock has a market capitalization of $642.42 million, a price-to-earnings ratio of 32.05 and a beta of 1.64.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

A number of large investors have recently modified their holdings of PTF. Jane Street Group LLC raised its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 108.1% in the first quarter. Jane Street Group LLC now owns 24,668 shares of the company’s stock valued at $1,454,000 after buying an additional 329,668 shares during the last quarter. Ameriprise Financial Inc. boosted 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 worth $14,602,000 after acquiring an additional 110,228 shares during the last quarter. Paller Financial Services Inc purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF during the 4th quarter valued at about $5,948,000. IMC Chicago LLC raised its holdings in Invesco Dorsey Wright Technology Momentum ETF by 259.9% in the 4th quarter. IMC Chicago LLC now owns 21,104 shares of the company’s stock valued at $1,614,000 after acquiring an additional 34,299 shares during the last quarter. Finally, Private Advisor Group LLC raised its holdings in Invesco Dorsey Wright Technology Momentum ETF by 317.5% in the 3rd quarter. Private Advisor Group LLC now owns 35,281 shares of the company’s stock valued at $2,640,000 after acquiring an additional 26,830 shares during the last quarter.

About Invesco Dorsey Wright Technology Momentum ETF

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.