Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Sets New 1-Year High – Should You Buy?

Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $1,990.00 and last traded at $1,990.00, with a volume of 8 shares trading hands. The stock had previously closed at $30.22.

Invesco Oil & Gas Services ETF Price Performance

The firm has a market cap of $27.32 million, a P/E ratio of 9.62 and a beta of 1.02. The company’s 50 day moving average is $27.72 and its two-hundred day moving average is $25.58.

Institutional Trading of Invesco Oil & Gas Services ETF

A number of hedge funds have recently modified their holdings of the company. Jefferies Financial Group Inc. increased its position in shares of Invesco Oil & Gas Services ETF by 28.8% during the first quarter. Jefferies Financial Group Inc. now owns 12,585 shares of the company’s stock valued at $323,000 after purchasing an additional 2,812 shares during the period. Marshall Investment Management LLC acquired a new stake in Invesco Oil & Gas Services ETF during the first quarter worth $1,044,000. Finally, Raymond James Financial Inc. acquired a new stake in Invesco Oil & Gas Services ETF during the second quarter worth $42,000.

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.