Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Reaches New 52-Week High – Still a Buy?

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)’s share price reached a new 52-week high on Tuesday . The company traded as high as $127.81 and last traded at $127.55, with a volume of 10537 shares trading hands. The stock had previously closed at $123.39.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

The stock has a market capitalization of $685.29 million, a PE ratio of 32.05 and a beta of 1.64. The stock has a 50 day moving average of $104.36 and a two-hundred day moving average of $90.18.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC boosted its position in Invesco Dorsey Wright Technology Momentum ETF by 108.1% during the first quarter. Jane Street Group LLC now owns 24,668 shares of the company’s stock worth $1,454,000 after purchasing an additional 329,668 shares in 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 purchasing an additional 110,228 shares in the last quarter. Paller Financial Services Inc purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter worth $5,948,000. IMC Chicago LLC boosted its position in Invesco Dorsey Wright Technology Momentum ETF by 259.9% during the fourth quarter. IMC Chicago LLC now owns 21,104 shares of the company’s stock worth $1,614,000 after purchasing an additional 34,299 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in Invesco Dorsey Wright Technology Momentum ETF by 317.5% during the third quarter. Private Advisor Group LLC now owns 35,281 shares of the company’s stock worth $2,640,000 after purchasing 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.