Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Trading Down 0.2% – What’s Next?

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH)’s share price dropped 0.2% during mid-day trading on Friday . The stock traded as low as $40.00 and last traded at $40.13. Approximately 3,846 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 7,586 shares. The stock had previously closed at $40.23.

Invesco Dorsey Wright Healthcare Momentum ETF Trading Down 0.2 %

The firm’s fifty day moving average price is $42.64 and its 200-day moving average price is $44.56. The firm has a market cap of $119.19 million, a price-to-earnings ratio of 9.66 and a beta of 0.85.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

An institutional investor recently bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF stock. Jaffetilchin Investment Partners LLC bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 19,598 shares of the company’s stock, valued at approximately $911,000. Jaffetilchin Investment Partners LLC owned 0.62% of Invesco Dorsey Wright Healthcare Momentum ETF as of its most recent SEC filing.

About Invesco Dorsey Wright Healthcare Momentum ETF

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.