Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $77.99 and traded as high as $78.45. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $78.16, with a volume of 38,036 shares changing hands.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

The firm has a market capitalization of $397.05 million, a P/E ratio of 32.05 and a beta of 1.49. The stock has a fifty day moving average price of $77.99 and a two-hundred day moving average price of $72.57.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Centaurus Financial Inc. boosted its stake in Invesco Dorsey Wright Technology Momentum ETF by 10.8% during the 3rd quarter. Centaurus Financial Inc. now owns 3,605 shares of the company’s stock valued at $270,000 after purchasing an additional 350 shares in the last quarter. Mariner LLC acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the third quarter valued at $274,000. Flow Traders U.S. LLC bought a new position in Invesco Dorsey Wright Technology Momentum ETF during the third quarter valued at about $203,000. Private Advisor Group LLC grew its holdings in Invesco Dorsey Wright Technology Momentum ETF by 317.5% during the third quarter. Private Advisor Group LLC now owns 35,281 shares of the company’s stock worth $2,640,000 after acquiring an additional 26,830 shares during the period. Finally, Orion Porfolio Solutions LLC raised its position in Invesco Dorsey Wright Technology Momentum ETF by 9.1% in the third quarter. Orion Porfolio Solutions LLC now owns 3,853 shares of the company’s stock worth $288,000 after acquiring an additional 322 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.