Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Hits New 1-Year High – What’s Next?

by · The Markets Daily

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $139.25 and last traded at $139.25, with a volume of 302 shares trading hands. The stock had previously closed at $137.17.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

The stock’s 50 day simple moving average is $119.45 and its 200 day simple moving average is $97.41. The firm has a market cap of $733.76 million, a P/E ratio of 32.05 and a beta of 1.67.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at about $57,000. Qube Research & Technologies Ltd increased its holdings in Invesco Dorsey Wright Technology Momentum ETF by 5,685.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,157 shares of the company’s stock worth $79,000 after purchasing an additional 1,137 shares in the last quarter. Centaurus Financial Inc. raised its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 22.6% in the first quarter. Centaurus Financial Inc. now owns 1,630 shares of the company’s stock worth $141,000 after purchasing an additional 300 shares during the last quarter. Sankala Group LLC purchased a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter worth approximately $144,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 29.0% in the first quarter. Jones Financial Companies Lllp now owns 2,203 shares of the company’s stock worth $130,000 after purchasing an additional 495 shares during the last quarter.

Invesco Dorsey Wright Technology Momentum ETF Company Profile

(Get Free Report)

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.

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