Invesco DWA Technology Momentum ETF (NASDAQ:PTF) Trading Down 1.2%

Invesco DWA Technology Momentum ETF (NASDAQ:PTF – Get Rating) traded down 1.2% during trading on Wednesday . The company traded as low as $125.00 and last traded at $126.65. 20,091 shares were traded during trading, an increase of 142% from the average session volume of 8,303 shares. The stock had previously closed at $128.22.

Invesco DWA Technology Momentum ETF Trading Up 3.7 %

The firm has a market cap of $260.96 million, a P/E ratio of 17.72 and a beta of 1.23. The firm has a 50-day simple moving average of $123.65 and a 200-day simple moving average of $125.28.

Institutional Trading of Invesco DWA Technology Momentum ETF

Hedge funds have recently modified their holdings of the company. FMR LLC increased its position in shares of Invesco DWA Technology Momentum ETF by 11,433.3% during the second quarter. FMR LLC now owns 346 shares of the company’s stock worth $38,000 after purchasing an additional 343 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Invesco DWA Technology Momentum ETF during the fourth quarter worth about $46,000. Belpointe Asset Management LLC purchased a new stake in shares of Invesco DWA Technology Momentum ETF during the fourth quarter worth about $90,000. Harbor Investment Advisory LLC grew its stake in shares of Invesco DWA Technology Momentum ETF by 660.0% during the first quarter. Harbor Investment Advisory LLC now owns 950 shares of the company’s stock worth $124,000 after acquiring an additional 825 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. purchased a new stake in shares of Invesco DWA Technology Momentum ETF during the first quarter worth about $201,000.

Invesco DWA Technology Momentum ETF Company Profile

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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.