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

Shares of Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) crossed below its 200-day moving average during trading on Friday. The stock has a 200-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 changing hands.

Invesco Dorsey Wright Technology Momentum ETF Trading Down 5.4%

The firm has a 50 day moving average price of $104.24 and a 200-day moving average price of $104.64. The firm has a market cap of $552.89 million, a price-to-earnings ratio of 32.05 and a beta of 1.67.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cooper Financial Group lifted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 6.8% in the second quarter. Cooper Financial Group now owns 3,370 shares of the company’s stock valued at $459,000 after purchasing an additional 214 shares in the last quarter. Kestra Advisory Services LLC grew its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 7.0% in the first quarter. Kestra Advisory Services LLC now owns 3,671 shares of the company’s stock valued at $317,000 after purchasing an additional 241 shares during the last quarter. Oakworth Capital Inc. purchased a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the 3rd quarter worth approximately $27,000. Centaurus Financial Inc. increased its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 22.6% during the 1st quarter. Centaurus Financial Inc. now owns 1,630 shares of the company’s stock worth $141,000 after purchasing an additional 300 shares in the last quarter. Finally, TD Waterhouse Canada Inc. purchased a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the 2nd quarter worth approximately $41,000.

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.