Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $44.88 and traded as low as $44.20. Invesco Dorsey Wright Healthcare Momentum ETF shares last traded at $44.20, with a volume of 4,389 shares changing hands.

Invesco Dorsey Wright Healthcare Momentum ETF Price Performance

The firm has a market capitalization of $137.97 million, a PE ratio of 9.66 and a beta of 0.85. The company’s fifty day simple moving average is $45.74 and its 200 day simple moving average is $44.88.

Institutional Investors Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Institutional investors have recently added to or reduced their stakes in the business. Asset Allocation Strategies LLC lifted its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 11.4% during the second quarter. Asset Allocation Strategies LLC now owns 6,597 shares of the company’s stock valued at $284,000 after purchasing an additional 675 shares during the last quarter. Cetera Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the first quarter valued at about $300,000. Jaffetilchin Investment Partners LLC bought a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the third quarter valued at about $911,000. Cambridge Investment Research Advisors Inc. increased its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 1.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 44,433 shares of the company’s stock valued at $1,909,000 after buying an additional 504 shares during the period. Finally, IHT Wealth Management LLC increased its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 61.7% during the third quarter. IHT Wealth Management LLC now owns 93,419 shares of the company’s stock valued at $4,329,000 after buying an additional 35,650 shares during the period.

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.