Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Unusually-High Trading Volume – Time to Buy?

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) shares saw strong trading volume on Wednesday . 18,829 shares changed hands during trading, a decline of 26% from the previous session’s volume of 25,488 shares.The stock last traded at $80.14 and had previously closed at $78.43.

Invesco Dorsey Wright Technology Momentum ETF Stock Down 1.1 %

The company has a market capitalization of $568.94 million, a price-to-earnings ratio of 12.47 and a beta of 1.23. The company has a 50 day simple moving average of $69.16 and a 200 day simple moving average of $63.59.

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. Jane Street Group LLC acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the third quarter valued at about $259,000. Centaurus Financial Inc. grew its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 27.2% in 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 in the last quarter. Private Advisory Group LLC acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the second quarter valued at about $348,000. KKM Financial LLC grew its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 4.1% in the third quarter. KKM Financial LLC now owns 5,830 shares of the company’s stock valued at $370,000 after buying an additional 228 shares in the last quarter. Finally, Cetera Advisors LLC grew its stake in Invesco Dorsey Wright Technology Momentum ETF by 25.2% during the 1st quarter. Cetera Advisors LLC now owns 8,688 shares of the company’s stock valued at $498,000 after purchasing an additional 1,750 shares in the last quarter.

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.