Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $48.34 and traded as high as $52.81. Invesco Dorsey Wright Energy Momentum ETF shares last traded at $52.7290, with a volume of 1,002 shares traded.

Invesco Dorsey Wright Energy Momentum ETF Stock Performance

The company has a 50 day simple moving average of $48.34 and a two-hundred day simple moving average of $46.55. The firm has a market cap of $44.29 million, a PE ratio of 17.22 and a beta of 0.93.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a $0.2296 dividend. This is an increase from Invesco Dorsey Wright Energy Momentum ETF’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, December 22nd.

Hedge Funds Weigh In On Invesco Dorsey Wright Energy Momentum ETF

A number of institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its holdings in shares of Invesco Dorsey Wright Energy Momentum ETF by 6.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 32,510 shares of the company’s stock valued at $1,470,000 after acquiring an additional 2,046 shares during the last quarter. IHT Wealth Management LLC acquired a new position in Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter valued at $976,000. Cherry Tree Wealth Management LLC acquired a new position in Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter valued at $59,000. Flagship Harbor Advisors LLC purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter valued at $68,000. Finally, Sunbelt Securities Inc. acquired a new stake in Invesco Dorsey Wright Energy Momentum ETF during the 3rd quarter worth about $458,000.

Invesco Dorsey Wright Energy Momentum ETF Company Profile

PowerShares Dynamic Energy Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy 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 Fund invests in sectors, such as energy, materials and utilities. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.