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

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $72.29 and traded as high as $76.39. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $76.28, with a volume of 35,142 shares.

Invesco Dorsey Wright Technology Momentum ETF Trading Up 0.6 %

The company has a market capitalization of $549.22 million, a PE ratio of 12.47 and a beta of 1.23. The stock’s fifty day moving average is $72.29 and its two-hundred day moving average is $65.26.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Several large investors have recently modified their holdings of PTF. Raymond James & Associates increased its holdings in Invesco Dorsey Wright Technology Momentum ETF by 58.1% during the 3rd quarter. Raymond James & Associates now owns 132,298 shares of the company’s stock worth $8,392,000 after acquiring an additional 48,643 shares during the period. Theory Financial LLC grew its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 22.3% during the third quarter. Theory Financial LLC now owns 99,014 shares of the company’s stock valued at $6,361,000 after buying an additional 18,063 shares during the last quarter. Stifel Financial Corp lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 8.2% in the third quarter. Stifel Financial Corp now owns 63,388 shares of the company’s stock valued at $4,021,000 after purchasing an additional 4,791 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Invesco Dorsey Wright Technology Momentum ETF by 49.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 58,352 shares of the company’s stock valued at $3,614,000 after buying an additional 19,277 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 179.6% during the second quarter. Envestnet Asset Management Inc. now owns 55,863 shares of the company’s stock worth $3,460,000 after purchasing an additional 35,882 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.