Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH – Get Free Report) rose 1% during mid-day trading on Tuesday . The company traded as high as $62.22 and last traded at $61.73. 12,955 shares were traded during mid-day trading, a decline of 54% from the average session volume of 28,110 shares. The stock had previously closed at $61.13.
Invesco Dorsey Wright Healthcare Momentum ETF Trading Down 1.4%
The firm’s 50-day moving average is $60.39 and its 200 day moving average is $54.23. The firm has a market capitalization of $239.90 million, a price-to-earnings ratio of 35.21 and a beta of 0.81.
Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF
A number of hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at $39,000. Godfrey Financial Associates Inc. bought a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter valued at about $45,000. Fifth Third Bancorp acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the first quarter valued at about $70,000. Sankala Group LLC acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at about $77,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the first quarter valued at about $84,000.
Invesco Dorsey Wright Healthcare Momentum ETF Company Profile
PowerShares Dynamic Healthcare Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Healthcare 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 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.The Fund invests only in health care sector.
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