Shares of Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF – Get Free Report) hit a new 52-week high on Monday . The company traded as high as $139.25 and last traded at $139.25, with a volume of 302 shares. The stock had previously closed at $137.17.
Invesco Dorsey Wright Technology Momentum ETF Stock Up 1.3%
The stock has a market capitalization of $733.76 million, a price-to-earnings ratio of 32.05 and a beta of 1.67. The company has a 50 day simple moving average of $119.45 and a 200-day simple moving average of $97.41.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in Invesco Dorsey Wright Technology Momentum ETF by 245.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,133 shares of the company’s stock worth $683,000 after buying an additional 6,490 shares during the period. Paller Financial Services Inc acquired a new stake in Invesco Dorsey Wright Technology Momentum ETF in the fourth quarter valued at approximately $5,948,000. Genesee Capital Advisors LLC increased its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 85.4% during the fourth quarter. Genesee Capital Advisors LLC now owns 14,974 shares of the company’s stock valued at $1,145,000 after acquiring an additional 6,897 shares in the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter valued at approximately $724,000. Finally, AlphaCore Capital LLC acquired a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter worth approximately $1,123,000.
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.
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