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

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) shares hit a new 52-week high during trading on Monday . The company traded as high as $138.00 and last traded at $138.00, with a volume of 6896 shares trading hands. The stock had previously closed at $129.75.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

The business’s 50-day moving average price is $115.33 and its 200 day moving average price is $95.39. The company has a market cap of $716.13 million, a P/E ratio of 32.05 and a beta of 1.67.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Several hedge funds and other institutional investors have recently modified their holdings of PTF. Jane Street Group LLC boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 108.1% during the 1st quarter. Jane Street Group LLC now owns 24,668 shares of the company’s stock worth $1,454,000 after buying an additional 329,668 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 107.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 212,785 shares of the company’s stock worth $14,602,000 after buying an additional 110,228 shares during the period. Paller Financial Services Inc bought a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the 4th quarter worth about $5,948,000. IMC Chicago LLC boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 259.9% during the 4th quarter. IMC Chicago LLC now owns 21,104 shares of the company’s stock worth $1,614,000 after buying an additional 34,299 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 317.5% during the 3rd quarter. Private Advisor Group LLC now owns 35,281 shares of the company’s stock worth $2,640,000 after buying an additional 26,830 shares during the period.

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.