Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Trading Up 2% – Here’s What Happened

Invesco Oil & Gas Services ETF (NYSEARCA:PXJGet Free Report)’s share price traded up 2% during mid-day trading on Wednesday . The stock traded as high as $30.58 and last traded at $30.48. 6,842 shares traded hands during trading, a decline of 58% from the average session volume of 16,371 shares. The stock had previously closed at $29.87.

Invesco Oil & Gas Services ETF Trading Up 2.0 %

The business has a 50-day moving average of $28.82 and a 200 day moving average of $29.66. The firm has a market capitalization of $90.83 million, a PE ratio of 124.34 and a beta of 0.72.

Institutional Investors Weigh In On Invesco Oil & Gas Services ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in shares of Invesco Oil & Gas Services ETF during the 3rd quarter worth $269,000. Outlook Wealth Advisors LLC increased its holdings in Invesco Oil & Gas Services ETF by 6.1% during the third quarter. Outlook Wealth Advisors LLC now owns 33,611 shares of the company’s stock worth $972,000 after buying an additional 1,924 shares during the last quarter. Prospera Financial Services Inc increased its holdings in Invesco Oil & Gas Services ETF by 4.9% during the third quarter. Prospera Financial Services Inc now owns 13,094 shares of the company’s stock worth $378,000 after buying an additional 614 shares during the last quarter. Finally, Stifel Financial Corp raised its position in Invesco Oil & Gas Services ETF by 1.3% in the third quarter. Stifel Financial Corp now owns 31,301 shares of the company’s stock worth $905,000 after acquiring an additional 403 shares during the period.

About Invesco Oil & Gas Services ETF

(Get Free Report)

The Invesco Dynamic Oil & Gas Services ETF (PXJ) is an exchange-traded fund that mostly invests in energy equity. The fund tracks an index of US companies in the oil and gas services sector that are weighted in tiers. The index uses a multi-factor methodology to select holdings. PXJ was launched on Oct 26, 2005 and is managed by Invesco.

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