Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Shares Up 5.6% – Here’s Why

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) traded up 5.6% on Tuesday . The stock traded as high as $108.22 and last traded at $109.07. 2,037 shares were traded during trading, a decline of 98% from the average session volume of 97,499 shares. The stock had previously closed at $103.24.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

The stock has a market capitalization of $610.13 million, a PE ratio of 32.05 and a beta of 1.67. The firm has a 50 day moving average of $102.40 and a 200-day moving average of $108.31.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Several institutional investors and hedge funds have recently modified their holdings of PTF. Western Wealth Management LLC acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the 1st quarter valued at $388,000. Integrated Wealth Concepts LLC boosted its stake in Invesco Dorsey Wright Technology Momentum ETF by 220.7% in the second quarter. Integrated Wealth Concepts LLC now owns 12,987 shares of the company’s stock valued at $1,770,000 after acquiring an additional 8,937 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in Invesco Dorsey Wright Technology Momentum ETF during the 2nd quarter worth $836,000. Royal Bank of Canada grew its holdings in Invesco Dorsey Wright Technology Momentum ETF by 28.3% during the 1st quarter. Royal Bank of Canada now owns 45,210 shares of the company’s stock worth $3,903,000 after acquiring an additional 9,962 shares during the period. Finally, Bleakley Financial Group LLC bought a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the 1st quarter valued at $1,526,000.

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.