Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Large Volume Increase – What’s Next?

Shares of Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw an uptick in trading volume on Tuesday . 38,734 shares were traded during mid-day trading, an increase of 56% from the previous session’s volume of 24,822 shares.The stock last traded at $70.29 and had previously closed at $70.32.

Invesco Dorsey Wright Technology Momentum ETF Trading Up 2.6 %

The stock has a 50-day moving average price of $65.06 and a two-hundred day moving average price of $61.86. The stock has a market cap of $519.41 million, a price-to-earnings ratio of 12.47 and a beta of 1.23.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PTF. Cetera Advisors LLC increased its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 25.2% in the 1st 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 during the period. Outlook Wealth Advisors LLC purchased a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the second quarter worth about $1,294,000. Genesee Capital Advisors LLC boosted its position in Invesco Dorsey Wright Technology Momentum ETF by 9.7% in the second quarter. Genesee Capital Advisors LLC now owns 40,024 shares of the company’s stock valued at $2,479,000 after buying an additional 3,537 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of 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 acquiring 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 in the second quarter worth $348,000.

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.