Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Unusually-High Trading Volume – Still a Buy?

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) shares saw unusually-strong trading volume on Thursday . Approximately 86,474 shares were traded during trading, a decline of 11% from the previous session’s volume of 97,459 shares.The stock last traded at $92.7910 and had previously closed at $94.10.

Invesco Dorsey Wright Technology Momentum ETF Stock Up 0.7%

The stock has a 50 day moving average price of $107.57 and a 200 day moving average price of $107.53. The stock has a market capitalization of $574.36 million, a price-to-earnings ratio of 32.05 and a beta of 1.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 107.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 212,785 shares of the company’s stock worth $14,602,000 after purchasing an additional 110,228 shares during the period. Bank of America Corp DE grew its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 2.8% during the first quarter. Bank of America Corp DE now owns 182,668 shares of the company’s stock valued at $15,769,000 after buying an additional 5,005 shares during the last quarter. Royal Bank of Canada boosted its stake in Invesco Dorsey Wright Technology Momentum ETF by 28.3% during the 1st quarter. Royal Bank of Canada now owns 45,210 shares of the company’s stock valued at $3,903,000 after purchasing an additional 9,962 shares during the last quarter. StoneX Group Inc. boosted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 2.7% during the fourth quarter. StoneX Group Inc. now owns 38,700 shares of the company’s stock valued at $2,960,000 after buying an additional 1,034 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 317.5% in the 3rd 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 in the last quarter.

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.