Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Reaches New 12-Month High – Time to Buy?

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $81.00 and last traded at $81.00, with a volume of 612 shares traded. The stock had previously closed at $80.47.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

The company’s 50-day simple moving average is $69.50 and its 200-day simple moving average is $63.78. The stock has a market capitalization of $564.70 million, a P/E ratio of 12.47 and a beta of 1.23.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the third quarter valued at $259,000. Centaurus Financial Inc. grew its stake in shares of 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 acquiring an additional 1,100 shares in the last quarter. Private Advisory Group LLC acquired a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the second quarter valued at about $348,000. KKM Financial LLC grew its stake in shares of 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 acquiring an additional 228 shares in the last quarter. Finally, Cetera Advisors LLC grew its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 25.2% in the first quarter. Cetera Advisors LLC now owns 8,688 shares of the company’s stock valued at $498,000 after acquiring an additional 1,750 shares in 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.