Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sets New 1-Year High – Here’s Why

Shares of Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) hit a new 52-week high during trading on Thursday . The stock traded as high as $70.84 and last traded at $70.76, with a volume of 9139 shares trading hands. The stock had previously closed at $68.32.

Invesco Dorsey Wright Technology Momentum ETF Stock Up 5.0 %

The business has a 50-day simple moving average of $63.37 and a two-hundred day simple moving average of $60.90. The stock has a market capitalization of $516.53 million, a P/E ratio of 12.47 and a beta of 1.23.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Several hedge funds have recently modified their holdings of PTF. SPC Financial Inc. raised its position in shares of 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 acquiring an additional 308 shares during the last quarter. Nilsine Partners LLC lifted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 1.9% during the second quarter. Nilsine Partners LLC now owns 25,428 shares of the company’s stock worth $1,575,000 after acquiring an additional 468 shares in the last quarter. Private Advisor Group LLC grew its stake in 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 valued at $943,000 after acquiring an additional 766 shares during the period. Centaurus Financial Inc. raised its position in shares of 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 purchasing an additional 1,100 shares during the period. Finally, Raymond James & Associates lifted its stake in Invesco Dorsey Wright Technology Momentum ETF by 1.3% in the second quarter. Raymond James & Associates now owns 83,655 shares of the company’s stock valued at $5,182,000 after buying an additional 1,101 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.