Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $70.84 and last traded at $70.76, with a volume of 9139 shares changing hands. The stock had previously closed at $68.32.
Invesco Dorsey Wright Technology Momentum ETF Stock Performance
The stock’s 50-day moving average price is $63.37 and its 200-day moving average price is $60.90. The company has a market capitalization of $516.53 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
Institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Advisors LLC raised its position 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 buying an additional 1,750 shares during the last quarter. Outlook Wealth Advisors LLC purchased a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the second quarter valued at $1,294,000. Genesee Capital Advisors LLC increased its stake in Invesco Dorsey Wright Technology Momentum ETF by 9.7% during the 2nd quarter. Genesee Capital Advisors LLC now owns 40,024 shares of the company’s stock worth $2,479,000 after buying an additional 3,537 shares during the period. Raymond James & Associates boosted its position in Invesco Dorsey Wright Technology Momentum ETF by 1.3% in the 2nd 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 during the last quarter. Finally, Private Advisory Group LLC acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the second quarter valued at about $348,000.
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.
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