Invesco DWA Energy Momentum ETF (NASDAQ:PXI) Trading Up 0.7%

Invesco DWA Energy Momentum ETF (NASDAQ:PXI – Get Rating)’s stock price rose 0.7% during mid-day trading on Wednesday . The stock traded as high as $38.26 and last traded at $38.05. Approximately 17,088 shares traded hands during trading, a decline of 66% from the average daily volume of 50,311 shares. The stock had previously closed at $37.78.

Invesco DWA Energy Momentum ETF Price Performance

The firm’s fifty day moving average price is $37.40 and its 200-day moving average price is $39.76. The company has a market capitalization of $90.80 million, a price-to-earnings ratio of 8.87 and a beta of 1.68.

Invesco DWA Energy Momentum ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Tuesday, March 21st were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Monday, March 20th.

Institutional Trading of Invesco DWA Energy Momentum ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new stake in shares of Invesco DWA Energy Momentum ETF during the first quarter worth about $43,000. Captrust Financial Advisors acquired a new position in shares of Invesco DWA Energy Momentum ETF during the first quarter worth $53,000. First Capital Advisors Group LLC. acquired a new position in shares of Invesco DWA Energy Momentum ETF during the third quarter worth $105,000. Private Advisor Group LLC acquired a new position in shares of Invesco DWA Energy Momentum ETF during the first quarter worth $219,000. Finally, WMG Financial Advisors LLC lifted its holdings in shares of Invesco DWA Energy Momentum ETF by 6.8% during the first quarter. WMG Financial Advisors LLC now owns 5,609 shares of the company’s stock worth $224,000 after purchasing an additional 356 shares during the period.

About Invesco DWA Energy Momentum ETF

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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.