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

Shares of Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $68.01 and traded as high as $73.36. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $73.17, with a volume of 21,454 shares.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

The firm has a market capitalization of $575.12 million, a P/E ratio of 12.47 and a beta of 1.23. The stock has a fifty day simple moving average of $73.30 and a two-hundred day simple moving average of $68.01.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC bought a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the third quarter valued at approximately $259,000. Janney Montgomery Scott LLC increased its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 0.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 109,764 shares of the company’s stock valued at $7,964,000 after acquiring an additional 393 shares in the last quarter. StoneX Group Inc. increased its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.6% during the third quarter. StoneX Group Inc. now owns 33,883 shares of the company’s stock valued at $2,149,000 after acquiring an additional 1,808 shares in the last quarter. Silver Oak Securities Incorporated increased its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 60.7% during the third quarter. Silver Oak Securities Incorporated now owns 36,441 shares of the company’s stock valued at $2,316,000 after acquiring an additional 13,761 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 20.4% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,541 shares of the company’s stock valued at $329,000 after acquiring an additional 769 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.