Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Shares Gap Down – Should You Sell?

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) gapped down before the market opened on Thursday . The stock had previously closed at $113.12, but opened at $105.00. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $103.04, with a volume of 9,050 shares traded.

Invesco Dorsey Wright Technology Momentum ETF Stock Performance

The company has a market cap of $675.67 million, a PE ratio of 32.05 and a beta of 1.65. The firm has a fifty day simple moving average of $124.19 and a 200 day simple moving average of $102.77.

Institutional Investors Weigh In On Invesco Dorsey Wright Technology Momentum ETF

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC increased its position in Invesco Dorsey Wright Technology Momentum ETF by 108.1% during the first quarter. Jane Street Group LLC now owns 24,668 shares of the company’s stock worth $1,454,000 after purchasing an additional 329,668 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings 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 last quarter. Paller Financial Services Inc acquired a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the 4th quarter valued at $5,948,000. IMC Chicago LLC grew its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 259.9% during the 4th quarter. IMC Chicago LLC now owns 21,104 shares of the company’s stock valued at $1,614,000 after buying an additional 34,299 shares during the period. Finally, Private Advisor Group LLC grew its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 317.5% during the 3rd quarter. Private Advisor Group LLC now owns 35,281 shares of the company’s stock valued at $2,640,000 after buying an additional 26,830 shares during the period.

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.