Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Shares Cross Above Fifty Day Moving Average – What’s Next?

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $46.55 and traded as high as $48.35. Invesco Dorsey Wright Energy Momentum ETF shares last traded at $47.8810, with a volume of 2,657 shares.

Invesco Dorsey Wright Energy Momentum ETF Stock Performance

The firm’s fifty day simple moving average is $46.55 and its 200 day simple moving average is $45.42. The stock has a market capitalization of $40.22 million, a P/E ratio of 17.22 and a beta of 0.93.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.2296 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.9%. This is a positive change from Invesco Dorsey Wright Energy Momentum ETF’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Investors Weigh In On Invesco Dorsey Wright Energy Momentum ETF

A number of large investors have recently modified their holdings of PXI. Sunbelt Securities Inc. acquired a new position in shares of Invesco Dorsey Wright Energy Momentum ETF during the 3rd quarter worth $458,000. Clear Creek Financial Management LLC boosted its stake in Invesco Dorsey Wright Energy Momentum ETF by 43.4% in the third quarter. Clear Creek Financial Management LLC now owns 85,685 shares of the company’s stock valued at $4,016,000 after buying an additional 25,934 shares in the last quarter. Trueblood Wealth Management LLC grew its position in Invesco Dorsey Wright Energy Momentum ETF by 5.9% in the third quarter. Trueblood Wealth Management LLC now owns 10,338 shares of the company’s stock valued at $485,000 after acquiring an additional 575 shares during the last quarter. Osaic Holdings Inc. raised its stake in Invesco Dorsey Wright Energy Momentum ETF by 27.6% during the second quarter. Osaic Holdings Inc. now owns 2,366 shares of the company’s stock worth $102,000 after acquiring an additional 512 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Invesco Dorsey Wright Energy Momentum ETF by 49.5% during the second quarter. Tower Research Capital LLC TRC now owns 13,374 shares of the company’s stock worth $577,000 after acquiring an additional 4,431 shares in the last quarter.

About Invesco Dorsey Wright Energy Momentum ETF

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.