Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH – Get Free Report)’s stock price shot up 1% during trading on Tuesday . The company traded as high as $62.22 and last traded at $61.73. 12,955 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 28,110 shares. The stock had previously closed at $61.13.
Invesco Dorsey Wright Healthcare Momentum ETF Stock Up 1.0%
The company has a 50 day moving average of $60.36 and a 200 day moving average of $54.15. The stock has a market capitalization of $244.45 million, a price-to-earnings ratio of 35.21 and a beta of 0.81.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors boosted its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 3.8% in the fourth quarter. Captrust Financial Advisors now owns 6,004 shares of the company’s stock worth $298,000 after acquiring an additional 222 shares during the last quarter. Bank of America Corp DE raised its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 0.8% during the second quarter. Bank of America Corp DE now owns 101,502 shares of the company’s stock worth $3,946,000 after purchasing an additional 764 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter valued at $39,000. Byrne Financial Freedom LLC boosted its holdings in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 2.3% in the 4th quarter. Byrne Financial Freedom LLC now owns 35,635 shares of the company’s stock valued at $1,771,000 after purchasing an additional 792 shares during the last quarter. Finally, Godfrey Financial Associates Inc. purchased a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the 4th quarter valued at $45,000.
About Invesco Dorsey Wright Healthcare Momentum ETF
PowerShares Dynamic Healthcare Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Healthcare Sector Intellidex Index (the Index). The Fund will normally 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.The Fund invests only in health care sector.
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