Raymond James Financial Inc. bought a new position in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 19,960 shares of the company’s stock, valued at approximately $885,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in Invesco Dorsey Wright Energy Momentum ETF during the third quarter worth about $27,000. Global Retirement Partners LLC purchased a new position in shares of Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter valued at approximately $45,000. Finally, Trueblood Wealth Management LLC bought a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter worth approximately $239,000.
Invesco Dorsey Wright Energy Momentum ETF Stock Down 10.5 %
Invesco Dorsey Wright Energy Momentum ETF stock opened at $36.30 on Friday. Invesco Dorsey Wright Energy Momentum ETF has a twelve month low of $36.08 and a twelve month high of $51.97. The company has a market capitalization of $44.29 million, a P/E ratio of 12.76 and a beta of 1.18. The stock’s 50 day moving average is $43.95 and its 200 day moving average is $45.34.
Invesco Dorsey Wright Energy Momentum ETF Cuts Dividend
About Invesco Dorsey Wright Energy Momentum ETF
PowerShares Dynamic Energy Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund invests in sectors, such as energy, materials and utilities.
Further Reading
- Five stocks we like better than Invesco Dorsey Wright Energy Momentum ETF
- Where Do I Find 52-Week Highs and Lows?
- Archer Aviation’s Africa Deal Could Boost ACHR Stock
- How to Invest in Small Cap Stocks
- Are Short Sellers Wrong About These 3 Semiconductor Stocks?
- Differences Between Momentum Investing and Long Term Investing
- Boeing Gets $50B in March Orders—Is BA Stock a Buy Now?
Want to see what other hedge funds are holding PXI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI – Free Report).
Receive News & Ratings for Invesco Dorsey Wright Energy Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Dorsey Wright Energy Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.
