Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sets New 52-Week High – Here’s Why

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) hit a new 52-week high on Monday . The company traded as high as $77.32 and last traded at $77.29, with a volume of 10443 shares traded. The stock had previously closed at $76.33.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

The business has a 50-day simple moving average of $67.92 and a two-hundred day simple moving average of $63.10. The stock has a market cap of $553.68 million, a price-to-earnings ratio of 12.47 and a beta of 1.23.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the third quarter valued at approximately $259,000. Centaurus Financial Inc. boosted 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 during the period. Private Advisory Group LLC bought a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the second quarter valued at approximately $348,000. KKM Financial LLC boosted 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 during the period. Finally, Cetera Advisors LLC boosted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 25.2% in the first quarter. Cetera Advisors LLC now owns 8,688 shares of the company’s stock valued at $498,000 after buying an additional 1,750 shares during the period.

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.