Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI – Get Free Report)’s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $59.96 and traded as low as $57.53. Invesco Dorsey Wright Financial Momentum ETF shares last traded at $57.8090, with a volume of 1,082 shares changing hands.
Invesco Dorsey Wright Financial Momentum ETF Trading Down 0.5%
The stock has a market cap of $48.93 million, a price-to-earnings ratio of 18.63 and a beta of 1.02. The stock’s 50-day moving average price is $60.09 and its 200-day moving average price is $60.02.
Institutional Investors Weigh In On Invesco Dorsey Wright Financial Momentum ETF
Institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF during the 2nd quarter worth $46,000. Genesee Capital Advisors LLC purchased a new stake in Invesco Dorsey Wright Financial Momentum ETF during the third quarter valued at about $470,000. IMC Chicago LLC increased its stake in shares of Invesco Dorsey Wright Financial Momentum ETF by 16.1% in the first quarter. IMC Chicago LLC now owns 37,451 shares of the company’s stock worth $1,994,000 after purchasing an additional 5,195 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Invesco Dorsey Wright Financial Momentum ETF by 0.6% in the 1st quarter. Bank of America Corp DE now owns 53,417 shares of the company’s stock worth $2,845,000 after buying an additional 294 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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