Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Shares Pass Above 50-Day Moving Average – What’s Next?

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $63.00 and traded as high as $65.86. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $65.40, with a volume of 19,331 shares changing hands.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

The stock has a fifty day moving average of $63.06 and a 200-day moving average of $60.24. The company has a market cap of $471.99 million, a PE ratio of 12.47 and a beta of 1.23.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PTF. Centaurus Financial Inc. raised its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 27.2% in the 2nd quarter. Centaurus Financial Inc. now owns 5,150 shares of the company’s stock worth $319,000 after acquiring an additional 1,100 shares in the last quarter. Private Advisory Group LLC bought a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the 2nd quarter worth $348,000. Cetera Advisors LLC raised 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 worth $498,000 after acquiring an additional 1,750 shares in the last quarter. IMC Chicago LLC purchased a new position in Invesco Dorsey Wright Technology Momentum ETF during the 1st quarter worth $607,000. Finally, SPC Financial Inc. grew its stake in Invesco Dorsey Wright Technology Momentum ETF by 5.4% during the 1st quarter. SPC Financial Inc. now owns 16,068 shares of the company’s stock worth $922,000 after buying an additional 828 shares during 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.