Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Stock Price Down 1.5% – Time to Sell?

Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) fell 1.5% on Monday . The stock traded as low as $29.84 and last traded at $29.99. 33,856 shares were traded during mid-day trading, a decline of 2% from the average session volume of 34,712 shares. The stock had previously closed at $30.46.

Invesco Oil & Gas Services ETF Trading Down 1.5 %

The firm has a market capitalization of $89.37 million, a price-to-earnings ratio of 124.34 and a beta of 0.72. The firm has a 50 day moving average price of $29.74 and a two-hundred day moving average price of $31.22.

Hedge Funds Weigh In On Invesco Oil & Gas Services ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James & Associates lifted its position in Invesco Oil & Gas Services ETF by 15.3% during the 2nd quarter. Raymond James & Associates now owns 83,809 shares of the company’s stock worth $2,679,000 after acquiring an additional 11,135 shares in the last quarter. Nilsine Partners LLC lifted its position in Invesco Oil & Gas Services ETF by 2.5% during the 2nd quarter. Nilsine Partners LLC now owns 41,962 shares of the company’s stock worth $1,341,000 after acquiring an additional 1,023 shares in the last quarter. Outlook Wealth Advisors LLC acquired a new position in Invesco Oil & Gas Services ETF during the 2nd quarter worth approximately $1,013,000. Finally, Hennion & Walsh Asset Management Inc. lifted its position in Invesco Oil & Gas Services ETF by 5.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 13,260 shares of the company’s stock worth $421,000 after acquiring an additional 650 shares in the last quarter.

Invesco Oil & Gas Services ETF Company Profile

The Invesco Dynamic Oil & Gas Services ETF (PXJ) is an exchange-traded fund that mostly invests in energy equity. The fund tracks an index of US companies in the oil and gas services sector that are weighted in tiers. The index uses a multi-factor methodology to select holdings. PXJ was launched on Oct 26, 2005 and is managed by Invesco.