Shares of Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH – Get Free Report) shot up 0.7% during mid-day trading on Monday . The company traded as high as $50.51 and last traded at $50.19. 30,955 shares traded hands during mid-day trading, an increase of 210% from the average session volume of 9,990 shares. The stock had previously closed at $49.82.
Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance
The business has a fifty day simple moving average of $45.03 and a 200 day simple moving average of $40.60. The stock has a market cap of $117.95 million, a price-to-earnings ratio of 35.21 and a beta of 0.86.
Institutional Trading of Invesco Dorsey Wright Healthcare Momentum ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC acquired a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the 2nd quarter valued at about $31,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the third quarter valued at approximately $86,000. Jones Financial Companies Lllp raised its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 8.1% in the third quarter. Jones Financial Companies Lllp now owns 3,484 shares of the company’s stock valued at $149,000 after buying an additional 261 shares during the last quarter. Focus Partners Wealth purchased a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the third quarter valued at approximately $287,000. Finally, PFG Advisors boosted its position in Invesco Dorsey Wright Healthcare Momentum ETF by 8.2% during the third quarter. PFG Advisors now owns 10,492 shares of the company’s stock worth $462,000 after acquiring an additional 791 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.
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