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

Shares of Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $84.85 and traded as high as $92.21. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $92.04, with a volume of 17,297 shares trading hands.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

The company’s fifty day moving average is $84.85 and its 200-day moving average is $78.63. The stock has a market cap of $435.35 million, a PE ratio of 32.05 and a beta of 1.49.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 107.5% in the 2nd 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 during the period. Paller Financial Services Inc acquired a new stake in Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter valued at $5,948,000. Osaic Holdings Inc. increased its holdings in Invesco Dorsey Wright Technology Momentum ETF by 11.7% in the second quarter. Osaic Holdings Inc. now owns 69,872 shares of the company’s stock valued at $4,772,000 after buying an additional 7,328 shares in the last quarter. Theory Financial LLC raised its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 30.9% in the third quarter. Theory Financial LLC now owns 60,914 shares of the company’s stock worth $4,812,000 after acquiring an additional 14,390 shares during the period. Finally, Truist Financial Corp raised its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.9% in the third quarter. Truist Financial Corp now owns 49,419 shares of the company’s stock worth $3,697,000 after acquiring an additional 926 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.