Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $73.30 and traded as high as $73.36. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $73.17, with a volume of 21,454 shares traded.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

The company has a 50-day moving average of $73.30 and a two-hundred day moving average of $68.09. The stock has a market capitalization of $575.12 million, a PE 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 added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in Invesco Dorsey Wright Technology Momentum ETF by 143.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,708 shares of the company’s stock worth $124,000 after acquiring an additional 1,006 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter valued at about $203,000. Journey Strategic Wealth LLC acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter valued at about $218,000. Berger Financial Group Inc acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter valued at about $219,000. Finally, Evergreen Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter valued at about $229,000.

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.