Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Sees Strong Trading Volume – Time to Buy?

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) shares saw unusually-strong trading volume on Monday . Approximately 82,007 shares were traded during trading, an increase of 6% from the previous session’s volume of 77,536 shares.The stock last traded at $120.88 and had previously closed at $113.41.

Invesco Dorsey Wright Technology Momentum ETF Trading Down 6.6%

The stock has a fifty day moving average of $124.20 and a two-hundred day moving average of $101.30. The stock has a market capitalization of $697.37 million, a price-to-earnings ratio of 32.05 and a beta of 1.65.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PTF. JPMorgan Chase & Co. lifted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 245.6% in the 3rd 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. Paller Financial Services Inc acquired a new position in Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter worth $5,948,000. Genesee Capital Advisors LLC raised its holdings in 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 worth $1,145,000 after buying an additional 6,897 shares during the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter valued at about $724,000. Finally, AlphaCore Capital LLC acquired a new position in shares of Invesco Dorsey Wright Technology Momentum ETF during the fourth quarter valued at about $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.