Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Trading 0.6% Higher – Should You Buy?

Invesco Oil & Gas Services ETF (NYSEARCA:PXJGet Free Report) shares rose 0.6% on Monday . The company traded as high as $29.28 and last traded at $29.27. Approximately 964 shares were traded during trading, a decline of 91% from the average daily volume of 10,947 shares. The stock had previously closed at $29.09.

Trending Headlines about Invesco Oil & Gas Services ETF

Here are the key news stories impacting Invesco Oil & Gas Services ETF this week:

Invesco Oil & Gas Services ETF Stock Performance

The firm has a market capitalization of $27.00 million, a PE ratio of 9.62 and a beta of 1.02. The stock’s 50 day simple moving average is $29.80 and its two-hundred day simple moving average is $27.39.

Institutional Trading of Invesco Oil & Gas Services ETF

Several large investors have recently added to or reduced their stakes in the stock. Jefferies Financial Group Inc. raised its holdings in shares of Invesco Oil & Gas Services ETF by 8.3% during the 2nd quarter. Jefferies Financial Group Inc. now owns 13,624 shares of the company’s stock worth $324,000 after acquiring an additional 1,039 shares during the period. Tower Research Capital LLC TRC increased its position in Invesco Oil & Gas Services ETF by 354.3% during the third quarter. Tower Research Capital LLC TRC now owns 17,685 shares of the company’s stock worth $482,000 after purchasing an additional 13,792 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Invesco Oil & Gas Services ETF during the second quarter worth about $42,000.

About Invesco Oil & Gas Services ETF

(Get Free Report)

The Invesco Dynamic Oil & Gas Services ETF (PXJ) is an exchange-traded fund that mostly invests in energy equity. The fund tracks an index of US companies in the oil and gas services sector that are weighted in tiers. The index uses a multi-factor methodology to select holdings. PXJ was launched on Oct 26, 2005 and is managed by Invesco.

Featured Stories

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