Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $59.55 and traded as high as $62.10. Invesco Dorsey Wright Financial Momentum ETF shares last traded at $61.0520, with a volume of 1,661 shares trading hands.

Invesco Dorsey Wright Financial Momentum ETF Trading Down 2.5%

The business’s fifty day moving average price is $59.55 and its 200 day moving average price is $57.64. The firm has a market capitalization of $33.58 million, a price-to-earnings ratio of 18.63 and a beta of 1.01.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. purchased a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF in the third quarter valued at about $1,145,000. AlphaCore Capital LLC acquired a new position in Invesco Dorsey Wright Financial Momentum ETF in the 4th quarter valued at about $1,030,000. Susquehanna International Group LLP acquired a new position in Invesco Dorsey Wright Financial Momentum ETF in the 3rd quarter valued at about $502,000. IMC Chicago LLC raised its stake in Invesco Dorsey Wright Financial Momentum ETF by 26.6% during the 4th quarter. IMC Chicago LLC now owns 32,256 shares of the company’s stock valued at $1,862,000 after acquiring an additional 6,773 shares during the last quarter. Finally, Genesee Capital Advisors LLC raised its stake in Invesco Dorsey Wright Financial Momentum ETF by 84.9% during the 4th quarter. Genesee Capital Advisors LLC now owns 9,247 shares of the company’s stock valued at $534,000 after acquiring an additional 4,247 shares during the last quarter.

Invesco Dorsey Wright Financial Momentum ETF Company Profile

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.