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

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI)’s share price 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 changing hands.

Invesco Dorsey Wright Financial Momentum ETF Stock Performance

The business’s 50 day simple moving average is $56.25 and its 200-day simple moving average is $56.86. The stock has a market capitalization of $36.70 million, a price-to-earnings ratio of 18.63 and a beta of 1.03.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PFI. Darwin Wealth Management LLC acquired a new position in Invesco Dorsey Wright Financial Momentum ETF during the 4th quarter valued at about $35,000. Geneos Wealth Management Inc. boosted its stake in Invesco Dorsey Wright Financial Momentum ETF by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock valued at $102,000 after purchasing an additional 1,200 shares during the period. Kestra Advisory Services LLC acquired a new position in Invesco Dorsey Wright Financial Momentum ETF during the 4th quarter valued at about $115,000. Jones Financial Companies Lllp boosted its stake in Invesco Dorsey Wright Financial Momentum ETF by 24.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,266 shares of the company’s stock valued at $131,000 after purchasing an additional 441 shares during the period. Finally, Cetera Investment Advisers boosted its stake in Invesco Dorsey Wright Financial Momentum ETF by 4.6% during the 4th quarter. Cetera Investment Advisers now owns 5,116 shares of the company’s stock valued at $295,000 after purchasing an additional 225 shares during the period.

About Invesco Dorsey Wright Financial Momentum ETF

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.