Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $56.86 and traded as high as $59.29. Invesco Dorsey Wright Financial Momentum ETF shares last traded at $59.1990, with a volume of 258 shares.

Invesco Dorsey Wright Financial Momentum ETF Stock Performance

The company has a market capitalization of $36.70 million, a price-to-earnings ratio of 18.63 and a beta of 1.03. The company’s fifty day simple moving average is $56.25 and its two-hundred day simple moving average is $56.86.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its holdings in shares of Invesco Dorsey Wright Financial Momentum ETF by 4.6% in the 4th quarter. Cetera Investment Advisers now owns 5,116 shares of the company’s stock valued at $295,000 after buying an additional 225 shares during the period. Bank of America Corp DE boosted its holdings in shares of Invesco Dorsey Wright Financial Momentum ETF by 0.6% in the 1st quarter. Bank of America Corp DE now owns 53,417 shares of the company’s stock valued at $2,845,000 after buying an additional 294 shares during the period. Trueblood Wealth Management LLC boosted its holdings in shares of Invesco Dorsey Wright Financial Momentum ETF by 6.1% in the 4th quarter. Trueblood Wealth Management LLC now owns 7,405 shares of the company’s stock valued at $427,000 after buying an additional 428 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Invesco Dorsey Wright Financial Momentum ETF by 24.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,266 shares of the company’s stock valued at $131,000 after buying an additional 441 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Invesco Dorsey Wright Financial Momentum ETF by 9.4% in the 4th quarter. Royal Bank of Canada now owns 5,854 shares of the company’s stock valued at $338,000 after buying an additional 503 shares during the period.

Invesco Dorsey Wright Financial Momentum ETF Company Profile

PowerShares Dynamic Financial Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Financial Sector Intellidex Index (the Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors. Securities shown to possess the greatest capital appreciation potential are selected by the Index.