Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI – Get Free Report) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $59.55 and traded as high as $62.10. Invesco Dorsey Wright Financial Momentum ETF shares last traded at $61.0520, with a volume of 1,661 shares traded.
Invesco Dorsey Wright Financial Momentum ETF Stock Performance
The stock’s 50-day simple moving average is $59.74 and its two-hundred day simple moving average is $57.70. The stock has a market cap of $34.41 million, a price-to-earnings ratio of 18.63 and a beta of 1.01.
Institutional Trading of Invesco Dorsey Wright Financial Momentum ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AlphaCore Capital LLC acquired a new position in shares of Invesco Dorsey Wright Financial Momentum ETF during the fourth quarter worth approximately $1,030,000. IMC Chicago LLC grew its stake in shares of Invesco Dorsey Wright Financial Momentum ETF by 26.6% in the fourth quarter. IMC Chicago LLC now owns 32,256 shares of the company’s stock worth $1,862,000 after acquiring an additional 6,773 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in Invesco Dorsey Wright Financial Momentum ETF during the 4th quarter valued at $35,000. Trueblood Wealth Management LLC raised its stake in Invesco Dorsey Wright Financial Momentum ETF by 6.1% during the 4th quarter. Trueblood Wealth Management LLC now owns 7,405 shares of the company’s stock valued at $427,000 after purchasing an additional 428 shares during the last quarter. Finally, Genesee Capital Advisors LLC boosted its holdings in Invesco Dorsey Wright Financial Momentum ETF by 84.9% in the 4th quarter. Genesee Capital Advisors LLC now owns 9,247 shares of the company’s stock valued at $534,000 after purchasing an additional 4,247 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.
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