Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sets New 12-Month High – Should You Buy?

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $107.29 and last traded at $106.92, with a volume of 29541 shares changing hands. The stock had previously closed at $106.38.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

The stock has a market capitalization of $508.66 million, a price-to-earnings ratio of 32.05 and a beta of 1.51. The business has a 50-day moving average of $91.93 and a 200-day moving average of $84.01.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

A number of large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 107.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 212,785 shares of the company’s stock valued at $14,602,000 after purchasing an additional 110,228 shares during the period. Paller Financial Services Inc acquired a new stake in Invesco Dorsey Wright Technology Momentum ETF during the 4th quarter worth approximately $5,948,000. Osaic Holdings Inc. lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 11.7% during the 2nd quarter. Osaic Holdings Inc. now owns 69,872 shares of the company’s stock worth $4,772,000 after acquiring an additional 7,328 shares during the period. Theory Financial LLC lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 30.9% during the 3rd quarter. Theory Financial LLC now owns 60,914 shares of the company’s stock worth $4,812,000 after acquiring an additional 14,390 shares during the period. Finally, Truist Financial Corp lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 1.9% during the 3rd quarter. Truist Financial Corp now owns 49,419 shares of the company’s stock worth $3,697,000 after acquiring an additional 926 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.