Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Unusually-High Trading Volume – Time to Buy?

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw strong trading volume on Monday . 140,278 shares were traded during mid-day trading, an increase of 137% from the previous session’s volume of 59,187 shares.The stock last traded at $113.84 and had previously closed at $113.92.

Invesco Dorsey Wright Technology Momentum ETF Trading Up 0.1%

The firm has a fifty day moving average price of $95.47 and a 200 day moving average price of $85.89. The firm has a market cap of $602.40 million, a PE ratio of 32.05 and a beta of 1.64.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

A number of institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new position in Invesco Dorsey Wright Technology Momentum ETF in the 1st quarter valued at about $596,000. Equitable Trust Co. acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the 1st quarter worth approximately $273,000. Kestra Advisory Services LLC increased its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 7.0% during 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 during the last quarter. Sankala Group LLC purchased a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the 4th quarter valued at approximately $144,000. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the 4th quarter valued at approximately $724,000.

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.