Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Stock Price Down 1.5% – Time to Sell?

Invesco Oil & Gas Services ETF (NYSEARCA:PXJ)’s share price traded down 1.5% during mid-day trading on Monday . The stock traded as low as $29.84 and last traded at $29.99. 33,856 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 34,712 shares. The stock had previously closed at $30.46.

Invesco Oil & Gas Services ETF Stock Down 1.5 %

The firm has a market capitalization of $89.37 million, a PE ratio of 124.34 and a beta of 0.72. The firm’s fifty day simple moving average is $29.74 and its 200-day simple moving average is $31.22.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Nilsine Partners LLC grew its stake in shares of Invesco Oil & Gas Services ETF by 2.5% in the second quarter. Nilsine Partners LLC now owns 41,962 shares of the company’s stock worth $1,341,000 after acquiring an additional 1,023 shares during the period. Raymond James & Associates grew its stake in shares of Invesco Oil & Gas Services ETF by 15.3% in the second quarter. Raymond James & Associates now owns 83,809 shares of the company’s stock worth $2,679,000 after acquiring an additional 11,135 shares during the period. Outlook Wealth Advisors LLC bought a new stake in shares of Invesco Oil & Gas Services ETF in the second quarter worth approximately $1,013,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Invesco Oil & Gas Services ETF by 5.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 13,260 shares of the company’s stock worth $421,000 after acquiring an additional 650 shares during the period.

About Invesco Oil & Gas Services ETF

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.