Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $63.00 and traded as high as $65.86. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $65.40, with a volume of 19,331 shares trading hands.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

The company’s 50 day moving average is $63.06 and its 200 day moving average is $60.24. The stock has a market cap of $471.99 million, a price-to-earnings ratio of 12.47 and a beta of 1.23.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PTF. Centaurus Financial Inc. raised its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 27.2% in the second quarter. Centaurus Financial Inc. now owns 5,150 shares of the company’s stock valued at $319,000 after buying an additional 1,100 shares during the last quarter. Private Advisory Group LLC acquired a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the second quarter valued at approximately $348,000. Cetera Advisors LLC raised its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 25.2% in the first quarter. Cetera Advisors LLC now owns 8,688 shares of the company’s stock valued at $498,000 after buying an additional 1,750 shares during the last quarter. IMC Chicago LLC acquired a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the first quarter valued at approximately $607,000. Finally, SPC Financial Inc. raised its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.4% in the first quarter. SPC Financial Inc. now owns 16,068 shares of the company’s stock valued at $922,000 after buying an additional 828 shares during 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.