Cetera Investment Advisers Reduces Position in Invesco Energy Exploration & Production ETF $PXE

Cetera Investment Advisers decreased its holdings in shares of Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) by 12.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,825 shares of the company’s stock after selling 17,641 shares during the period. Cetera Investment Advisers’ holdings in Invesco Energy Exploration & Production ETF were worth $4,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Bank of Montreal Can bought a new position in Invesco Energy Exploration & Production ETF in the 4th quarter worth $89,000. Private Advisor Group LLC purchased a new position in Invesco Energy Exploration & Production ETF during the first quarter valued at $233,000. Osaic Holdings Inc. grew its holdings in Invesco Energy Exploration & Production ETF by 9.7% during the second quarter. Osaic Holdings Inc. now owns 10,039 shares of the company’s stock valued at $281,000 after purchasing an additional 891 shares during the period. BNP Paribas Financial Markets bought a new stake in Invesco Energy Exploration & Production ETF during the third quarter valued at about $294,000. Finally, Susquehanna International Group LLP bought a new stake in Invesco Energy Exploration & Production ETF during the third quarter valued at about $304,000.

Invesco Energy Exploration & Production ETF Stock Down 1.4%

Shares of PXE opened at $38.09 on Tuesday. The business has a 50-day simple moving average of $35.76 and a two-hundred day simple moving average of $35.13. Invesco Energy Exploration & Production ETF has a 52 week low of $27.21 and a 52 week high of $40.74. The stock has a market cap of $83.42 million, a price-to-earnings ratio of 10.78 and a beta of 0.48.

Invesco Energy Exploration & Production ETF Company Profile

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