Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Trading Down 11.7% – Here’s What Happened

Shares of Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) were down 11.7% during trading on Tuesday . The stock traded as low as $87.47 and last traded at $87.47. Approximately 81,104 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 87,409 shares. The stock had previously closed at $99.01.

Invesco Dorsey Wright Technology Momentum ETF Stock Down 8.5%

The stock’s 50 day moving average price is $121.58 and its two-hundred day moving average price is $104.23. The stock has a market cap of $551.75 million, a price-to-earnings ratio of 32.05 and a beta of 1.65.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

A number of hedge funds have recently added to or reduced their stakes in PTF. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the 4th quarter worth about $57,000. Qube Research & Technologies Ltd raised its stake in Invesco Dorsey Wright Technology Momentum ETF by 5,685.0% during the second quarter. Qube Research & Technologies Ltd now owns 1,157 shares of the company’s stock worth $79,000 after purchasing an additional 1,137 shares during the period. Jones Financial Companies Lllp lifted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 29.0% in the first quarter. Jones Financial Companies Lllp now owns 2,203 shares of the company’s stock valued at $130,000 after acquiring an additional 495 shares during the last quarter. Centaurus Financial Inc. grew its holdings 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 during the period. Finally, Sankala Group LLC purchased a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the 4th quarter worth approximately $144,000.

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.