Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Shares Cross Below Fifty Day Moving Average – What’s Next?

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $77.42 and traded as low as $71.65. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $72.6610, with a volume of 78,668 shares.

Invesco Dorsey Wright Technology Momentum ETF Trading Up 0.3%

The firm has a market cap of $370.64 million, a PE ratio of 32.05 and a beta of 1.49. The business has a fifty day moving average price of $77.49 and a 200 day moving average price of $70.51.

Invesco Dorsey Wright Technology Momentum ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a $0.0083 dividend. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend was Monday, September 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Mariner LLC purchased a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the third quarter worth approximately $274,000. Flow Traders U.S. LLC acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the third quarter worth $203,000. Private Advisor Group LLC raised its position in Invesco Dorsey Wright Technology Momentum ETF by 317.5% during the 3rd quarter. Private Advisor Group LLC now owns 35,281 shares of the company’s stock worth $2,640,000 after buying an additional 26,830 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake in shares of 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 worth $288,000 after acquiring an additional 322 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Invesco Dorsey Wright Technology Momentum ETF by 245.6% during the third quarter. JPMorgan Chase & Co. now owns 9,133 shares of the company’s stock worth $683,000 after purchasing an additional 6,490 shares in the last quarter.

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.