Invesco DWA Energy Momentum ETF (NASDAQ:PXI) shares reached a new 52-week low on Tuesday . The company traded as low as $32.98 and last traded at $33.37, with a volume of 36897 shares changing hands. The stock had previously closed at $34.57.

Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of Invesco DWA Energy Momentum ETF by 14.0% in the first quarter. Royal Bank of Canada now owns 13,643 shares of the company’s stock valued at $517,000 after purchasing an additional 1,680 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Invesco DWA Energy Momentum ETF in the second quarter valued at approximately $138,000. Jane Street Group LLC increased its position in shares of Invesco DWA Energy Momentum ETF by 11.0% during the third quarter. Jane Street Group LLC now owns 46,451 shares of the company’s stock valued at $2,051,000 after acquiring an additional 4,593 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Invesco DWA Energy Momentum ETF by 46.7% during the first quarter. Wells Fargo & Company MN now owns 14,658 shares of the company’s stock valued at $556,000 after acquiring an additional 4,669 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Invesco DWA Energy Momentum ETF by 17.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 37,925 shares of the company’s stock valued at $1,637,000 after acquiring an additional 5,636 shares during the last quarter.

WARNING: This piece of content was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.dailypolitical.com/2018/11/20/invesco-dwa-energy-momentum-etf-pxi-hits-new-1-year-low-at-32-98.html.

About Invesco DWA Energy Momentum ETF (NASDAQ:PXI)

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.

Featured Article: Fundamental Analysis and Individual Investors

Receive News & Ratings for Invesco DWA Energy Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco DWA Energy Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.