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

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) shares 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 changing hands. The stock had previously closed at $80.47.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

The company’s fifty day moving average is $69.50 and its two-hundred day moving average is $63.78. The company has a market cap of $564.70 million, a price-to-earnings ratio of 12.47 and a beta of 1.23.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. KKM Financial LLC boosted its position in Invesco Dorsey Wright Technology Momentum ETF by 4.1% in the 3rd quarter. KKM Financial LLC now owns 5,830 shares of the company’s stock worth $370,000 after purchasing an additional 228 shares in the last quarter. SPC Financial Inc. lifted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.9% during the 2nd quarter. SPC Financial Inc. now owns 16,376 shares of the company’s stock valued at $1,014,000 after buying an additional 308 shares in the last quarter. Nilsine Partners LLC lifted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.9% during the 2nd quarter. Nilsine Partners LLC now owns 25,428 shares of the company’s stock valued at $1,575,000 after buying an additional 468 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.4% during the 3rd quarter. Private Advisor Group LLC now owns 14,866 shares of the company’s stock valued at $943,000 after buying an additional 766 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 27.2% during the 2nd quarter. Centaurus Financial Inc. now owns 5,150 shares of the company’s stock valued at $319,000 after buying an additional 1,100 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.