Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Shares of Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $77.87 and traded as low as $76.49. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $76.49, with a volume of 23,214 shares trading hands.

Invesco Dorsey Wright Technology Momentum ETF Trading Down 0.6%

The company has a market cap of $388.57 million, a P/E ratio of 32.05 and a beta of 1.49. The business has a 50 day moving average price of $77.87 and a 200-day moving average price of $73.29.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in PTF. Red Tortoise LLC bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the 2nd quarter valued at about $27,000. MAI Capital Management lifted its stake in Invesco Dorsey Wright Technology Momentum ETF by 336.3% in the 1st quarter. MAI Capital Management now owns 541 shares of the company’s stock valued at $32,000 after purchasing an additional 417 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in Invesco Dorsey Wright Technology Momentum ETF in the 2nd quarter valued at about $44,000. Qube Research & Technologies Ltd grew its holdings in Invesco Dorsey Wright Technology Momentum ETF by 5,685.0% during the second quarter. Qube Research & Technologies Ltd now owns 1,157 shares of the company’s stock worth $79,000 after purchasing an additional 1,137 shares during the period. Finally, Jones Financial Companies Lllp increased its position in Invesco Dorsey Wright Technology Momentum ETF by 29.0% during the first quarter. Jones Financial Companies Lllp now owns 2,203 shares of the company’s stock worth $130,000 after buying an additional 495 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.