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

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 firm has a market capitalization of $575.12 million, a price-to-earnings ratio of 12.47 and a beta of 1.23. The firm’s fifty day moving average is $73.30 and its 200 day moving average is $68.01.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Several institutional investors have recently made changes to their positions in PTF. Raymond James Financial Inc. acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter worth approximately $21,749,000. Scarborough Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter worth approximately $5,022,000. MML Investors Services LLC boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 49.1% during the fourth quarter. MML Investors Services LLC now owns 155,898 shares of the company’s stock worth $11,312,000 after purchasing an additional 51,361 shares during the period. LPL Financial LLC boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 8.7% during the fourth quarter. LPL Financial LLC now owns 627,147 shares of the company’s stock worth $45,506,000 after purchasing an additional 50,452 shares during the period. Finally, Raymond James & Associates boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 58.1% during the third quarter. Raymond James & Associates now owns 132,298 shares of the company’s stock worth $8,392,000 after purchasing an additional 48,643 shares during the period.

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.