Invesco DWA Technology Momentum ETF (NASDAQ:PTF) Stock Passes Above 50 Day Moving Average of $123.32

Shares of Invesco DWA Technology Momentum ETF (NASDAQ:PTF – Get Rating) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $123.32 and traded as high as $124.11. Invesco DWA Technology Momentum ETF shares last traded at $122.67, with a volume of 3,140 shares traded.

Invesco DWA Technology Momentum ETF Price Performance

The company has a market cap of $214.67 million, a PE ratio of 17.72 and a beta of 1.21. The company’s 50 day simple moving average is $123.32 and its two-hundred day simple moving average is $117.83.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. SeaCrest Wealth Management LLC purchased a new position in Invesco DWA Technology Momentum ETF during the second quarter worth about $36,000. FMR LLC lifted 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. acquired a new stake in shares of Invesco DWA Technology Momentum ETF during the fourth quarter worth about $46,000. Belpointe Asset Management LLC acquired a new stake in shares of Invesco DWA Technology Momentum ETF during the fourth quarter worth about $90,000. Finally, Centaurus Financial Inc. lifted its position in shares of Invesco DWA Technology Momentum ETF by 142.1% during the first quarter. Centaurus Financial Inc. now owns 1,600 shares of the company’s stock worth $221,000 after purchasing an additional 939 shares in the last quarter.

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.