Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Stock Passes Above Fifty Day Moving Average – What’s Next?

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $58.80 and traded as high as $58.82. Invesco Dorsey Wright Energy Momentum ETF shares last traded at $57.95, with a volume of 5,040 shares trading hands.

Invesco Dorsey Wright Energy Momentum ETF Price Performance

The stock has a 50 day moving average price of $58.80 and a two-hundred day moving average price of $52.86. The firm has a market capitalization of $79.97 million, a price-to-earnings ratio of 17.22 and a beta of 0.65.

Invesco Dorsey Wright Energy Momentum ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.1041 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.7%.

Institutional Investors Weigh In On Invesco Dorsey Wright Energy Momentum ETF

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its stake in Invesco Dorsey Wright Energy Momentum ETF by 31.1% during the 1st quarter. Bank of America Corp DE now owns 46,068 shares of the company’s stock worth $2,743,000 after purchasing an additional 10,930 shares in the last quarter. Royal Bank of Canada grew its stake in Invesco Dorsey Wright Energy Momentum ETF by 1,797.9% during the 1st quarter. Royal Bank of Canada now owns 7,079 shares of the company’s stock worth $422,000 after purchasing an additional 6,706 shares in the last quarter. Advisors Preferred LLC purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF during the 1st quarter worth about $25,000. Janney Montgomery Scott LLC lifted its holdings in Invesco Dorsey Wright Energy Momentum ETF by 1,909.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 110,613 shares of the company’s stock worth $6,587,000 after buying an additional 105,108 shares during the last quarter. Finally, Silver Oak Securities Incorporated purchased a new stake in Invesco Dorsey Wright Energy Momentum ETF during the 1st quarter worth about $355,000.

About Invesco Dorsey Wright Energy Momentum ETF

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.