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

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $138.36, but opened at $129.81. Invesco Dorsey Wright Technology Momentum ETF shares last traded at $128.41, with a volume of 9,447 shares traded.

Invesco Dorsey Wright Technology Momentum ETF Trading Up 4.4%

The business’s 50-day simple moving average is $121.97 and its 200-day simple moving average is $98.90. The company has a market capitalization of $698.23 million, a PE ratio of 32.05 and a beta of 1.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PTF. Kestra Advisory Services LLC boosted its holdings in Invesco Dorsey Wright Technology Momentum ETF by 7.0% in the first quarter. Kestra Advisory Services LLC now owns 3,671 shares of the company’s stock valued at $317,000 after purchasing an additional 241 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 3.5% in the 4th quarter. Advisory Services Network LLC now owns 8,349 shares of the company’s stock valued at $639,000 after buying an additional 284 shares during the period. Centaurus Financial Inc. lifted its holdings in shares of Invesco Dorsey Wright Technology Momentum ETF by 22.6% in the 1st quarter. Centaurus Financial Inc. now owns 1,630 shares of the company’s stock valued at $141,000 after buying an additional 300 shares during the period. Orion Porfolio Solutions LLC boosted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 9.1% in the third quarter. Orion Porfolio Solutions LLC now owns 3,853 shares of the company’s stock worth $288,000 after buying an additional 322 shares during the last quarter. Finally, Sigma Planning Corp boosted its stake in shares of Invesco Dorsey Wright Technology Momentum ETF by 10.0% in the fourth quarter. Sigma Planning Corp now owns 4,769 shares of the company’s stock worth $365,000 after buying an additional 432 shares during the last quarter.

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.