Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Share Price Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) shares crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $104.64 and traded as low as $97.85. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $99.62, with a volume of 66,521 shares traded.

Invesco Dorsey Wright Technology Momentum ETF Stock Down 5.4%

The firm’s 50-day moving average price is $104.24 and its 200-day moving average price is $104.64. The company has a market cap of $552.89 million, a P/E ratio of 32.05 and a beta of 1.67.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Institutional investors have recently made changes to their positions in the stock. Oakworth Capital Inc. purchased a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF in the third quarter worth about $27,000. TD Waterhouse Canada Inc. purchased a new stake in Invesco Dorsey Wright Technology Momentum ETF in the 2nd quarter worth approximately $41,000. Centaurus Financial Inc. boosted its holdings 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 purchasing an additional 300 shares during the period. D.A. Davidson & CO. bought a new position in Invesco Dorsey Wright Technology Momentum ETF in the 1st quarter valued at $202,000. Finally, Fifth Third Securities Inc. purchased a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the 3rd quarter valued at $214,000.

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.