MGB Wealth Management LLC Has $219,000 Stock Position in Invesco Energy Exploration & Production ETF (NYSEARCA:PXE)

MGB Wealth Management LLC cut its stake in shares of Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) by 58.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,500 shares of the company’s stock after selling 10,711 shares during the quarter. MGB Wealth Management LLC’s holdings in Invesco Energy Exploration & Production ETF were worth $219,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC raised its stake in shares of Invesco Energy Exploration & Production ETF by 4.1% during the 3rd quarter. Private Advisor Group LLC now owns 44,266 shares of the company’s stock worth $1,312,000 after purchasing an additional 1,753 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in Invesco Energy Exploration & Production ETF during the third quarter worth $71,000. One Plus One Wealth Management LLC raised its position in Invesco Energy Exploration & Production ETF by 8.3% during the third quarter. One Plus One Wealth Management LLC now owns 141,796 shares of the company’s stock worth $4,204,000 after acquiring an additional 10,909 shares in the last quarter. Cetera Investment Advisers lifted its stake in Invesco Energy Exploration & Production ETF by 6.7% in the second quarter. Cetera Investment Advisers now owns 43,814 shares of the company’s stock valued at $1,449,000 after acquiring an additional 2,742 shares during the last quarter. Finally, Comprehensive Wealth Management LLC bought a new position in shares of Invesco Energy Exploration & Production ETF in the 3rd quarter valued at about $592,000.

Invesco Energy Exploration & Production ETF Stock Performance

Shares of PXE stock opened at $30.01 on Thursday. Invesco Energy Exploration & Production ETF has a 52-week low of $27.91 and a 52-week high of $37.48. The stock has a market cap of $127.84 million, a price-to-earnings ratio of 5.39 and a beta of 0.70. The firm’s 50-day moving average is $30.37 and its 200-day moving average is $30.73.

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.