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

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $44.03 and traded as high as $45.35. Invesco Dorsey Wright Energy Momentum ETF shares last traded at $45.35, with a volume of 3,795 shares traded.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

The firm’s 50 day moving average is $44.03 and its 200 day moving average is $46.08. The company has a market cap of $67.57 million, a PE ratio of 7.40 and a beta of 1.68.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a yield of 1.92%. This is a boost from Invesco Dorsey Wright Energy Momentum ETF’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, September 23rd.

Institutional Investors Weigh In On Invesco Dorsey Wright Energy Momentum ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new position in shares of Invesco Dorsey Wright Energy Momentum ETF in the 2nd quarter worth $157,000. Sanctuary Advisors LLC purchased a new position in Invesco Dorsey Wright Energy Momentum ETF in the second quarter worth $253,000. Private Advisor Group LLC increased its stake in Invesco Dorsey Wright Energy Momentum ETF by 9.3% in the third quarter. Private Advisor Group LLC now owns 5,867 shares of the company’s stock valued at $253,000 after acquiring an additional 500 shares during the last quarter. Finally, One Plus One Wealth Management LLC raised its position in Invesco Dorsey Wright Energy Momentum ETF by 3.0% during the third quarter. One Plus One Wealth Management LLC now owns 96,693 shares of the company’s stock valued at $4,171,000 after purchasing an additional 2,799 shares in the last quarter.

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.