Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Large Volume Increase – Here’s What Happened

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw strong trading volume on Wednesday . 242,885 shares were traded during mid-day trading, an increase of 172% from the previous session’s volume of 89,341 shares.The stock last traded at $87.22 and had previously closed at $91.20.

Invesco Dorsey Wright Technology Momentum ETF Price Performance

The stock has a 50 day moving average of $119.96 and a two-hundred day moving average of $104.45. The stock has a market capitalization of $589.09 million, a PE ratio of 32.05 and a beta of 1.65.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Several institutional investors have recently made changes to their positions in the stock. Cooper Financial Group increased its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 6.8% in the second quarter. Cooper Financial Group now owns 3,370 shares of the company’s stock valued at $459,000 after buying an additional 214 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 7.0% in the 1st quarter. Kestra Advisory Services LLC now owns 3,671 shares of the company’s stock worth $317,000 after buying an additional 241 shares in the last quarter. Advisory Services Network LLC grew its stake in Invesco Dorsey Wright Technology Momentum ETF by 3.5% in the 4th quarter. Advisory Services Network LLC now owns 8,349 shares of the company’s stock valued at $639,000 after acquiring an additional 284 shares during the last quarter. Centaurus Financial Inc. grew its stake in Invesco Dorsey Wright Technology Momentum ETF by 22.6% in the 1st quarter. Centaurus Financial Inc. now owns 1,630 shares of the company’s stock valued at $141,000 after acquiring an additional 300 shares during the last quarter. Finally, Orion Porfolio Solutions LLC grew its stake in Invesco Dorsey Wright Technology Momentum ETF by 9.1% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 3,853 shares of the company’s stock valued at $288,000 after acquiring an additional 322 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.