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

Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF) shares saw an uptick in trading volume on Monday . 83,669 shares changed hands during trading, an increase of 7% from the previous session’s volume of 78,482 shares.The stock last traded at $109.64 and had previously closed at $115.74.

Invesco Dorsey Wright Technology Momentum ETF Trading Down 3.9%

The stock has a market capitalization of $723.06 million, a PE ratio of 32.05 and a beta of 1.65. The company’s 50-day moving average is $124.59 and its 200 day moving average is $102.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fulcrum Equity Management acquired a new stake in shares of Invesco Dorsey Wright Technology Momentum ETF during the second quarter worth $500,000. Wealthcare Advisory Partners LLC increased its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 9.6% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,960 shares of the company’s stock valued at $949,000 after acquiring an additional 610 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Invesco Dorsey Wright Technology Momentum ETF in the 2nd quarter valued at $836,000. Cooper Financial Group increased its position in shares of Invesco Dorsey Wright Technology Momentum ETF by 6.8% in the 2nd quarter. Cooper Financial Group now owns 3,370 shares of the company’s stock valued at $459,000 after acquiring an additional 214 shares during the period. Finally, Western Wealth Management LLC purchased a new position in Invesco Dorsey Wright Technology Momentum ETF in the 1st quarter worth $388,000.

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.