Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) Shares Gap Down – Here’s What Happened

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $74.68, but opened at $71.32. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $69.57, with a volume of 24,963 shares trading hands.

Invesco Dorsey Wright Technology Momentum ETF Trading Down 2.7 %

The firm has a market cap of $526.42 million, a price-to-earnings ratio of 12.47 and a beta of 1.23. The stock’s fifty day moving average price is $74.00 and its 200-day moving average price is $66.21.

Hedge Funds Weigh In On Invesco Dorsey Wright Technology Momentum ETF

A number of hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its position in Invesco Dorsey Wright Technology Momentum ETF by 179.6% in the second quarter. Envestnet Asset Management Inc. now owns 55,863 shares of the company’s stock valued at $3,460,000 after buying an additional 35,882 shares during the last quarter. StoneX Group Inc. raised its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 5.6% in the 3rd quarter. StoneX Group Inc. now owns 33,883 shares of the company’s stock valued at $2,149,000 after acquiring an additional 1,808 shares during the period. SPC Financial Inc. lifted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 1.9% in the 2nd quarter. SPC Financial Inc. now owns 16,376 shares of the company’s stock worth $1,014,000 after acquiring an additional 308 shares during the last quarter. Silver Oak Securities Incorporated boosted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 60.7% during the 3rd quarter. Silver Oak Securities Incorporated now owns 36,441 shares of the company’s stock worth $2,316,000 after purchasing an additional 13,761 shares during the period. Finally, Centaurus Financial Inc. boosted its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 27.2% during the 2nd quarter. Centaurus Financial Inc. now owns 5,150 shares of the company’s stock worth $319,000 after purchasing an additional 1,100 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.