Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Large Volume Increase – Still a Buy?

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) saw unusually-high trading volume on Thursday . Approximately 86,474 shares were traded during trading, a decline of 11% from the previous session’s volume of 97,459 shares.The stock last traded at $92.7910 and had previously closed at $94.10.

Invesco Dorsey Wright Technology Momentum ETF Trading Up 0.7%

The business’s fifty day moving average is $107.57 and its 200 day moving average is $107.53. The company has a market cap of $574.36 million, a P/E ratio of 32.05 and a beta of 1.67.

Institutional Trading of Invesco Dorsey Wright Technology Momentum ETF

A number of institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. lifted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 107.5% during the second quarter. Ameriprise Financial Inc. now owns 212,785 shares of the company’s stock worth $14,602,000 after acquiring an additional 110,228 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 2.8% in the first quarter. Bank of America Corp DE now owns 182,668 shares of the company’s stock worth $15,769,000 after buying an additional 5,005 shares in the last quarter. Royal Bank of Canada grew its stake in Invesco Dorsey Wright Technology Momentum ETF by 28.3% during the first quarter. Royal Bank of Canada now owns 45,210 shares of the company’s stock valued at $3,903,000 after acquiring an additional 9,962 shares in the last quarter. StoneX Group Inc. increased its holdings in Invesco Dorsey Wright Technology Momentum ETF by 2.7% during the 4th quarter. StoneX Group Inc. now owns 38,700 shares of the company’s stock worth $2,960,000 after acquiring an additional 1,034 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 317.5% in the 3rd quarter. Private Advisor Group LLC now owns 35,281 shares of the company’s stock valued at $2,640,000 after purchasing an additional 26,830 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.