Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Shares Gap Down – What’s Next?

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) shares gapped down prior to trading on Wednesday . The stock had previously closed at $138.36, but opened at $129.81. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $128.41, with a volume of 9,447 shares traded.

Invesco Dorsey Wright Technology Momentum ETF Stock Down 0.7%

The stock’s 50 day moving average price is $120.85 and its 200-day moving average price is $98.21. The stock has a market capitalization of $679.11 million, a P/E ratio of 32.05 and a beta of 1.67.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PTF. Ameriprise Financial Inc. boosted its position in Invesco Dorsey Wright Technology Momentum ETF by 107.5% during the second quarter. Ameriprise Financial Inc. now owns 212,785 shares of the company’s stock valued at $14,602,000 after purchasing an additional 110,228 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 2.8% in the 1st quarter. Bank of America Corp DE now owns 182,668 shares of the company’s stock valued at $15,769,000 after buying an additional 5,005 shares in the last quarter. Paller Financial Services Inc bought a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at about $5,948,000. Royal Bank of Canada grew its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 28.3% in the 1st quarter. Royal Bank of Canada now owns 45,210 shares of the company’s stock worth $3,903,000 after buying an additional 9,962 shares during the last quarter. Finally, StoneX Group Inc. grew its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 2.7% in the 4th quarter. StoneX Group Inc. now owns 38,700 shares of the company’s stock worth $2,960,000 after buying an additional 1,034 shares during 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.