Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Shares Gap Down – Here’s What Happened

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) shares gapped down before the market opened on Wednesday . The stock had previously closed at $74.68, but opened at $71.32. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $69.57, with a volume of 24,963 shares traded.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

The stock has a market capitalization of $526.42 million, a PE ratio of 12.47 and a beta of 1.23. The stock’s 50 day moving average is $74.00 and its two-hundred day moving average is $66.21.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the 3rd quarter worth approximately $259,000. Centaurus Financial Inc. boosted its stake in Invesco Dorsey Wright Technology Momentum ETF by 27.2% during the second quarter. Centaurus Financial Inc. now owns 5,150 shares of the company’s stock worth $319,000 after buying an additional 1,100 shares during the last quarter. KKM Financial LLC grew its holdings in Invesco Dorsey Wright Technology Momentum ETF by 4.1% in the 3rd quarter. KKM Financial LLC now owns 5,830 shares of the company’s stock valued at $370,000 after buying an additional 228 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.4% in the 3rd quarter. Private Advisor Group LLC now owns 14,866 shares of the company’s stock worth $943,000 after acquiring an additional 766 shares during the last quarter. Finally, SPC Financial Inc. raised its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.9% during the 2nd quarter. SPC Financial Inc. now owns 16,376 shares of the company’s stock worth $1,014,000 after acquiring an additional 308 shares during the period.

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.