Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Hits New 1-Year High – Here’s What Happened

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) reached a new 52-week high during mid-day trading on Friday . The stock 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 Trading Up 2.4 %

The business has a 50 day moving average price of $66.48 and a 200-day moving average price of $62.38. The firm has a market capitalization of $546.19 million, a PE ratio of 12.47 and a beta of 1.23.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Raymond James & Associates increased its holdings in Invesco Dorsey Wright Technology Momentum ETF by 58.1% in the third quarter. Raymond James & Associates now owns 132,298 shares of the company’s stock valued at $8,392,000 after buying an additional 48,643 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Invesco Dorsey Wright Technology Momentum ETF by 179.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 55,863 shares of the company’s stock valued at $3,460,000 after purchasing an additional 35,882 shares in the last quarter. Valley Wealth Managers Inc. acquired a new position in Invesco Dorsey Wright Technology Momentum ETF during the second quarter worth $1,847,000. Outlook Wealth Advisors LLC purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF during the second quarter worth $1,294,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Invesco Dorsey Wright Technology Momentum ETF by 49.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 58,352 shares of the company’s stock worth $3,614,000 after purchasing an additional 19,277 shares in the last quarter.

About Invesco Dorsey Wright Technology Momentum ETF

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.