Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Trading Down 0.7% – Time to Sell?

Invesco Oil & Gas Services ETF (NYSEARCA:PXJGet Free Report) shares traded down 0.7% during trading on Tuesday . The company traded as low as $44.99 and last traded at $45.11. 30,264 shares changed hands during trading, a decline of 34% from the average session volume of 45,626 shares. The stock had previously closed at $45.41.

More Invesco Oil & Gas Services ETF News

Here are the key news stories impacting Invesco Oil & Gas Services ETF this week:

Invesco Oil & Gas Services ETF Stock Down 0.7%

The stock’s 50-day moving average price is $43.05 and its 200 day moving average price is $37.02. The firm has a market cap of $135.33 million, a price-to-earnings ratio of 9.62 and a beta of 0.78.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in Invesco Oil & Gas Services ETF by 1,933.6% in the first quarter. Bank of America Corp DE now owns 143,148 shares of the company’s stock worth $5,933,000 after purchasing an additional 136,109 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Invesco Oil & Gas Services ETF by 354.3% in the third quarter. Tower Research Capital LLC TRC now owns 17,685 shares of the company’s stock worth $482,000 after purchasing an additional 13,792 shares in the last quarter. Private Advisor Group LLC acquired a new position in Invesco Oil & Gas Services ETF in the first quarter worth about $466,000. Independent Financial Group LLC acquired a new position in Invesco Oil & Gas Services ETF in the first quarter worth about $460,000. Finally, MinichMacGregor Wealth Management LLC acquired a new position in Invesco Oil & Gas Services ETF in the first quarter worth about $376,000.

Invesco Oil & Gas Services ETF Company Profile

(Get Free Report)

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.

Further Reading

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