Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Reaches New 52-Week High – Should You Buy?

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $75.13 and last traded at $75.08, with a volume of 13810 shares traded. The stock had previously closed at $74.10.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

The stock has a 50-day moving average price of $66.19 and a 200-day moving average price of $62.25. The stock has a market cap of $545.26 million, a P/E ratio of 12.47 and a beta of 1.23.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. KKM Financial LLC boosted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 4.1% in the 3rd quarter. KKM Financial LLC now owns 5,830 shares of the company’s stock worth $370,000 after buying an additional 228 shares during the period. SPC Financial Inc. grew its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.9% in the second quarter. SPC Financial Inc. now owns 16,376 shares of the company’s stock worth $1,014,000 after purchasing an additional 308 shares during the last quarter. Nilsine Partners LLC increased its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.9% during the second quarter. Nilsine Partners LLC now owns 25,428 shares of the company’s stock worth $1,575,000 after acquiring an additional 468 shares during the period. Private Advisor Group LLC raised its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.4% in the third quarter. Private Advisor Group LLC now owns 14,866 shares of the company’s stock valued at $943,000 after acquiring an additional 766 shares in the last quarter. Finally, Centaurus Financial Inc. increased its holdings in Invesco Dorsey Wright Technology Momentum ETF by 27.2% during the second quarter. Centaurus Financial Inc. now owns 5,150 shares of the company’s stock valued at $319,000 after buying an additional 1,100 shares during the period.

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.