Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $72.29 and traded as high as $76.39. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $76.28, with a volume of 35,142 shares.

Invesco Dorsey Wright Technology Momentum ETF Stock Down 2.4 %

The stock has a market capitalization of $536.11 million, a PE ratio of 12.47 and a beta of 1.23. The firm has a 50 day moving average price of $72.66 and a 200 day moving average price of $65.44.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Several institutional investors and hedge funds have recently made changes to their positions in PTF. Cambridge Investment Research Advisors Inc. lifted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 49.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 58,352 shares of the company’s stock worth $3,614,000 after acquiring an additional 19,277 shares during the period. Nilsine Partners LLC raised its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.9% during the 2nd quarter. Nilsine Partners LLC now owns 25,428 shares of the company’s stock worth $1,575,000 after purchasing an additional 468 shares during the period. Valley Wealth Managers Inc. purchased a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the 2nd quarter worth about $1,847,000. Envestnet Asset Management Inc. grew its position in Invesco Dorsey Wright Technology Momentum ETF by 179.6% during the second quarter. Envestnet Asset Management Inc. now owns 55,863 shares of the company’s stock valued at $3,460,000 after buying an additional 35,882 shares during the period. Finally, SPC Financial Inc. increased its holdings in Invesco Dorsey Wright Technology Momentum ETF by 1.9% during the second quarter. SPC Financial Inc. now owns 16,376 shares of the company’s stock worth $1,014,000 after buying an additional 308 shares during 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.