Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Stock Price Crosses 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 Friday . The stock has a fifty day moving average of $73.30 and traded as high as $73.36. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $73.17, with a volume of 21,454 shares changing hands.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

The firm has a fifty day moving average price of $73.30 and a 200 day moving average price of $68.01. The company has a market cap of $575.12 million, a price-to-earnings ratio of 12.47 and a beta of 1.23.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in Invesco Dorsey Wright Technology Momentum ETF during the 3rd quarter valued at $259,000. Janney Montgomery Scott LLC lifted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 0.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 109,764 shares of the company’s stock valued at $7,964,000 after purchasing an additional 393 shares during the last quarter. StoneX Group Inc. lifted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 5.6% during the 3rd quarter. StoneX Group Inc. now owns 33,883 shares of the company’s stock valued at $2,149,000 after purchasing an additional 1,808 shares during the last quarter. Silver Oak Securities Incorporated lifted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 60.7% during the 3rd quarter. Silver Oak Securities Incorporated now owns 36,441 shares of the company’s stock valued at $2,316,000 after purchasing an additional 13,761 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 20.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 4,541 shares of the company’s stock valued at $329,000 after purchasing an additional 769 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.