Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Shares Down 1.3% – What’s Next?

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTHGet Free Report)’s share price traded down 1.3% during mid-day trading on Tuesday . The stock traded as low as $52.31 and last traded at $52.34. 7,804 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 10,779 shares. The stock had previously closed at $53.03.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance

The business’s 50-day moving average is $48.70 and its 200-day moving average is $42.35. The company has a market capitalization of $123.00 million, a PE ratio of 35.21 and a beta of 0.86.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Several large investors have recently modified their holdings of the stock. Ameritas Advisory Services LLC purchased a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the 2nd quarter worth approximately $31,000. Steigerwald Gordon & Koch Inc. purchased a new position in Invesco Dorsey Wright Healthcare Momentum ETF during the third quarter valued at $86,000. Jones Financial Companies Lllp grew its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 8.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,484 shares of the company’s stock valued at $149,000 after acquiring an additional 261 shares during the period. Focus Partners Wealth purchased a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the third quarter worth $287,000. Finally, PFG Advisors lifted its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 8.2% during the 3rd quarter. PFG Advisors now owns 10,492 shares of the company’s stock valued at $462,000 after buying an additional 791 shares in the last quarter.

Invesco Dorsey Wright Healthcare Momentum ETF Company Profile

(Get Free Report)

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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