Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $46.20 and traded as low as $45.99. Invesco Dorsey Wright Energy Momentum ETF shares last traded at $46.03, with a volume of 2,457 shares.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

The stock has a market capitalization of $68.58 million, a P/E ratio of 7.40 and a beta of 1.68. The company’s 50 day simple moving average is $46.96 and its two-hundred day simple moving average is $46.20.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a yield of 1.89%. This is a boost from Invesco Dorsey Wright Energy Momentum ETF’s previous quarterly dividend of $0.19. The ex-dividend date was Monday, September 23rd.

Institutional Trading of Invesco Dorsey Wright Energy Momentum ETF

Several hedge funds have recently modified their holdings of PXI. International Assets Investment Management LLC bought a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF during the second quarter valued at approximately $157,000. Sanctuary Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF during the second quarter valued at approximately $253,000. Private Advisor Group LLC grew its stake in shares of Invesco Dorsey Wright Energy Momentum ETF by 9.3% during the third quarter. Private Advisor Group LLC now owns 5,867 shares of the company’s stock valued at $253,000 after purchasing an additional 500 shares during the last quarter. Finally, One Plus One Wealth Management LLC grew its stake in shares of Invesco Dorsey Wright Energy Momentum ETF by 3.0% during the third quarter. One Plus One Wealth Management LLC now owns 96,693 shares of the company’s stock valued at $4,171,000 after purchasing an additional 2,799 shares during the last quarter.

About Invesco Dorsey Wright Energy Momentum ETF

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.