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

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) shares saw unusually-strong trading volume on Monday . 82,007 shares were traded during trading, an increase of 6% from the previous session’s volume of 77,536 shares.The stock last traded at $120.88 and had previously closed at $113.41.

Invesco Dorsey Wright Technology Momentum ETF Stock Up 5.4%

The stock has a market capitalization of $1.01 billion, a PE ratio of 32.05 and a beta of 1.65. The stock has a fifty day moving average of $124.15 and a 200-day moving average of $100.77.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC lifted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 108.1% during the first quarter. Jane Street Group LLC now owns 24,668 shares of the company’s stock worth $1,454,000 after purchasing an additional 329,668 shares during the period. Ameriprise Financial Inc. increased its holdings in Invesco Dorsey Wright Technology Momentum ETF by 107.5% in the second quarter. Ameriprise Financial Inc. now owns 212,785 shares of the company’s stock valued at $14,602,000 after buying an additional 110,228 shares in the last quarter. Paller Financial Services Inc purchased a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter worth about $5,948,000. IMC Chicago LLC grew its stake in Invesco Dorsey Wright Technology Momentum ETF by 259.9% in the 4th quarter. IMC Chicago LLC now owns 21,104 shares of the company’s stock valued at $1,614,000 after acquiring an additional 34,299 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in Invesco Dorsey Wright Technology Momentum ETF by 317.5% during the third quarter. Private Advisor Group LLC now owns 35,281 shares of the company’s stock worth $2,640,000 after buying an additional 26,830 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.