Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Stock Price Down 1.3% – Should You Sell?

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH)’s stock price was down 1.3% on Tuesday . The company traded as low as $52.31 and last traded at $52.34. Approximately 7,804 shares changed hands during trading, a decline of 28% from the average daily volume of 10,779 shares. The stock had previously closed at $53.03.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance

The firm has a market cap of $123.00 million, a P/E ratio of 35.21 and a beta of 0.86. The firm’s fifty day simple moving average is $48.70 and its 200 day simple moving average is $42.35.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PTH. Cetera Investment Advisers grew its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 84.4% in the 1st quarter. Cetera Investment Advisers now owns 14,691 shares of the company’s stock worth $580,000 after buying an additional 6,722 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the 2nd quarter valued at about $31,000. Farther Finance Advisors LLC lifted its holdings in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 3.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 24,453 shares of the company’s stock valued at $951,000 after acquiring an additional 825 shares during the last quarter. SFI Advisors LLC grew its position in Invesco Dorsey Wright Healthcare Momentum ETF by 6.5% in the first quarter. SFI Advisors LLC now owns 93,276 shares of the company’s stock worth $3,681,000 after acquiring an additional 5,706 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 2.1% during the third quarter. Bank of America Corp DE now owns 103,654 shares of the company’s stock worth $4,569,000 after acquiring an additional 2,152 shares during the last quarter.

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.