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

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) shares saw unusually-strong trading volume on Thursday . Approximately 44,475 shares were traded during mid-day trading, an increase of 67% from the previous session’s volume of 26,598 shares.The stock last traded at $73.72 and had previously closed at $73.17.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

The firm has a fifty day moving average of $71.43 and a 200 day moving average of $64.67. The firm has a market capitalization of $529.06 million, a PE ratio of 12.47 and a beta of 1.23.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KKM Financial LLC raised its holdings in 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 acquiring an additional 228 shares in the last quarter. SPC Financial Inc. lifted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.9% during 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 grew its stake in Invesco Dorsey Wright Technology Momentum ETF by 1.9% in the second quarter. Nilsine Partners LLC now owns 25,428 shares of the company’s stock worth $1,575,000 after purchasing an additional 468 shares in the last quarter. Private Advisor Group LLC increased its holdings in 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 buying an additional 766 shares during the last quarter. Finally, Centaurus Financial Inc. raised its stake 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 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.