Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $58.89 and traded as high as $62.98. Invesco Dorsey Wright Financial Momentum ETF shares last traded at $62.7840, with a volume of 67,169 shares changing hands.
Invesco Dorsey Wright Financial Momentum ETF Price Performance
The business has a 50-day moving average of $62.52 and a 200-day moving average of $58.89. The company has a market capitalization of $59.64 million, a P/E ratio of 18.63 and a beta of 1.00.
Hedge Funds Weigh In On Invesco Dorsey Wright Financial Momentum ETF
A number of large investors have recently made changes to their positions in PFI. AlphaCore Capital LLC bought a new position in Invesco Dorsey Wright Financial Momentum ETF during the 4th quarter valued at about $1,030,000. Ameriprise Financial Inc. bought a new position in shares of Invesco Dorsey Wright Financial Momentum ETF during the third quarter valued at approximately $1,145,000. Susquehanna International Group LLP purchased a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF in the third quarter worth approximately $502,000. Advisory Services Network LLC lifted its stake in shares of Invesco Dorsey Wright Financial Momentum ETF by 11.1% during the 4th quarter. Advisory Services Network LLC now owns 7,683 shares of the company’s stock worth $444,000 after acquiring an additional 769 shares during the last quarter. Finally, Citadel Advisors LLC boosted its holdings in Invesco Dorsey Wright Financial Momentum ETF by 47.8% during the 3rd quarter. Citadel Advisors LLC now owns 7,449 shares of the company’s stock valued at $432,000 after acquiring an additional 2,408 shares during the period.
Invesco Dorsey Wright Financial Momentum ETF Company Profile
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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