Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $48.34 and traded as high as $52.81. Invesco Dorsey Wright Energy Momentum ETF shares last traded at $52.7290, with a volume of 1,002 shares traded.

Invesco Dorsey Wright Energy Momentum ETF Stock Up 1.0%

The company’s 50 day simple moving average is $48.34 and its two-hundred day simple moving average is $46.55. The company has a market capitalization of $44.29 million, a price-to-earnings ratio of 17.22 and a beta of 0.93.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.2296 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.92 annualized dividend and a yield of 1.7%. This is an increase from Invesco Dorsey Wright Energy Momentum ETF’s previous quarterly dividend of $0.22.

Hedge Funds Weigh In On Invesco Dorsey Wright Energy Momentum ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. IHT Wealth Management LLC acquired a new stake in Invesco Dorsey Wright Energy Momentum ETF in the 4th quarter worth approximately $976,000. Goldman Sachs Group Inc. raised its holdings in shares of Invesco Dorsey Wright Energy Momentum ETF by 6.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 32,510 shares of the company’s stock worth $1,470,000 after buying an additional 2,046 shares during the last quarter. Cherry Tree Wealth Management LLC acquired a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter worth $59,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter valued at $68,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of Invesco Dorsey Wright Energy Momentum ETF during the fourth quarter valued at $126,000.

Invesco Dorsey Wright Energy Momentum ETF Company Profile

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.