Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $58.68 and traded as high as $60.27. Invesco Dorsey Wright Energy Momentum ETF shares last traded at $60.23, with a volume of 13,360 shares.

Invesco Dorsey Wright Energy Momentum ETF Stock Performance

The stock has a market capitalization of $83.12 million, a price-to-earnings ratio of 17.22 and a beta of 0.65. The firm’s fifty day simple moving average is $58.68 and its 200 day simple moving average is $52.32.

Invesco Dorsey Wright Energy Momentum ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.1041 per share. This represents a $0.42 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, March 23rd.

Institutional Trading of Invesco Dorsey Wright Energy Momentum ETF

Hedge funds have recently bought and sold shares of the stock. Advisors Preferred LLC acquired a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the first quarter valued at approximately $25,000. Cherry Tree Wealth Management LLC acquired a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at approximately $59,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at approximately $68,000. Osaic Holdings Inc. raised its holdings in shares of Invesco Dorsey Wright Energy Momentum ETF by 27.6% in the second quarter. Osaic Holdings Inc. now owns 2,366 shares of the company’s stock valued at $102,000 after purchasing an additional 512 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at approximately $126,000.

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. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.