Wells Fargo & Company MN Has $4.13 Million Position in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI)

Wells Fargo & Company MN trimmed its position in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) by 4.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 93,096 shares of the company’s stock after selling 4,004 shares during the quarter. Wells Fargo & Company MN owned approximately 0.07% of Invesco Dorsey Wright Energy Momentum ETF worth $4,129,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF during the 3rd quarter valued at approximately $27,000. Global Retirement Partners LLC bought a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter worth $45,000. Trueblood Wealth Management LLC acquired a new position in shares of Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter worth $239,000. Raymond James Financial Inc. bought a new position in shares of Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter valued at $885,000. Finally, LPL Financial LLC boosted its holdings in shares of Invesco Dorsey Wright Energy Momentum ETF by 6.3% during the 4th quarter. LPL Financial LLC now owns 47,218 shares of the company’s stock valued at $2,094,000 after acquiring an additional 2,811 shares in the last quarter.

Invesco Dorsey Wright Energy Momentum ETF Stock Down 3.9 %

Shares of PXI opened at $37.86 on Tuesday. The stock has a market cap of $46.19 million, a PE ratio of 12.76 and a beta of 1.68. Invesco Dorsey Wright Energy Momentum ETF has a 12-month low of $34.54 and a 12-month high of $51.97. The business has a 50-day simple moving average of $41.90 and a two-hundred day simple moving average of $44.80.

Invesco Dorsey Wright Energy Momentum ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.1574 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Invesco Dorsey Wright Energy Momentum ETF Company Profile

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.