Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Unusually-High Trading Volume – What’s Next?

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw unusually-strong trading volume on Monday . Approximately 82,007 shares changed hands during mid-day trading, an increase of 6% from the previous session’s volume of 77,536 shares.The stock last traded at $120.88 and had previously closed at $113.41.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

The company’s fifty day moving average price is $124.15 and its two-hundred day moving average price is $100.77. The firm has a market capitalization of $1.01 billion, a PE ratio of 32.05 and a beta of 1.65.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC purchased a new position in Invesco Dorsey Wright Technology Momentum ETF in the first quarter valued at about $388,000. NewEdge Advisors LLC lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 88.4% during the 1st quarter. NewEdge Advisors LLC now owns 6,434 shares of the company’s stock worth $555,000 after acquiring an additional 3,019 shares in the last quarter. Bank of America Corp DE boosted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 2.8% in the 1st quarter. Bank of America Corp DE now owns 182,668 shares of the company’s stock worth $15,769,000 after acquiring an additional 5,005 shares during the period. Centaurus Financial Inc. boosted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 22.6% in the 1st quarter. Centaurus Financial Inc. now owns 1,630 shares of the company’s stock worth $141,000 after acquiring an additional 300 shares during the period. Finally, Royal Bank of Canada grew its position in Invesco Dorsey Wright Technology Momentum ETF by 28.3% in the first quarter. Royal Bank of Canada now owns 45,210 shares of the company’s stock valued at $3,903,000 after acquiring an additional 9,962 shares in 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.