Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Strong Trading Volume – Should You Buy?

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw unusually-high trading volume on Thursday . Approximately 44,475 shares were traded during mid-day trading, an increase of 67% from the previous session’s volume of 26,598 shares.The stock last traded at $73.72 and had previously closed at $73.17.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

The company has a market cap of $541.73 million, a price-to-earnings ratio of 12.47 and a beta of 1.23. The company’s fifty day moving average is $71.75 and its two-hundred day moving average is $64.85.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the 3rd quarter valued at approximately $259,000. Centaurus Financial Inc. increased its holdings in 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 in the last quarter. KKM Financial LLC increased its holdings in Invesco Dorsey Wright Technology Momentum ETF by 4.1% in the third 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 raised its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.4% in the third 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 period. Finally, SPC Financial Inc. boosted its stake 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 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.