Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Reaches New 12-Month High – Still a Buy?

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $99.58 and last traded at $98.46, with a volume of 20884 shares trading hands. The stock had previously closed at $93.06.

Invesco Dorsey Wright Technology Momentum ETF Trading Up 5.3%

The stock’s 50-day moving average is $89.51 and its 200-day moving average is $82.52. The company has a market cap of $620.53 million, a price-to-earnings ratio of 32.05 and a beta of 1.50.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PTF. Advisory Services Network LLC grew its position in Invesco Dorsey Wright Technology Momentum ETF by 3.5% during the fourth quarter. Advisory Services Network LLC now owns 8,349 shares of the company’s stock valued at $639,000 after buying an additional 284 shares during the period. Farther Finance Advisors LLC grew its position in Invesco Dorsey Wright Technology Momentum ETF by 1.0% during the third quarter. Farther Finance Advisors LLC now owns 32,444 shares of the company’s stock valued at $2,427,000 after buying an additional 312 shares during the period. Orion Porfolio Solutions LLC grew its position in Invesco Dorsey Wright Technology Momentum ETF by 9.1% during the third quarter. Orion Porfolio Solutions LLC now owns 3,853 shares of the company’s stock valued at $288,000 after buying an additional 322 shares during the period. Centaurus Financial Inc. grew its position in Invesco Dorsey Wright Technology Momentum ETF by 10.8% during the third quarter. Centaurus Financial Inc. now owns 3,605 shares of the company’s stock valued at $270,000 after buying an additional 350 shares during the period. Finally, SPC Financial Inc. grew its position in Invesco Dorsey Wright Technology Momentum ETF by 2.6% during the third quarter. SPC Financial Inc. now owns 15,015 shares of the company’s stock valued at $1,123,000 after buying an additional 384 shares during the period.

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.