Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $57.17 and traded as high as $60.95. Invesco Dorsey Wright Energy Momentum ETF shares last traded at $60.86, with a volume of 11,994 shares traded.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

The company has a market capitalization of $83.99 million, a PE ratio of 17.22 and a beta of 0.67. The stock’s 50 day simple moving average is $57.17 and its 200-day simple moving average is $51.00.

Invesco Dorsey Wright Energy Momentum ETF Cuts Dividend

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

Institutional Trading of Invesco Dorsey Wright Energy Momentum ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PXI. Cherry Tree Wealth Management LLC purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter worth about $59,000. Flagship Harbor Advisors LLC purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter worth about $68,000. Osaic Holdings Inc. increased its stake in Invesco Dorsey Wright Energy Momentum ETF by 27.6% during the second quarter. Osaic Holdings Inc. now owns 2,366 shares of the company’s stock worth $102,000 after purchasing an additional 512 shares during the period. Sound Income Strategies LLC purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter worth about $126,000. Finally, Silver Oak Securities Incorporated purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF during the first quarter worth about $355,000.

Invesco Dorsey Wright Energy Momentum ETF Company Profile

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.