Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Trading 0.2% Higher – Time to Buy?

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH)’s share price traded up 0.2% on Tuesday . The company traded as high as $61.48 and last traded at $60.96. 103,479 shares changed hands during mid-day trading, an increase of 583% from the average daily volume of 15,150 shares. The stock had previously closed at $60.86.

Invesco Dorsey Wright Healthcare Momentum ETF Price Performance

The firm has a market cap of $138.38 million, a PE ratio of 35.21 and a beta of 0.81. The stock’s fifty day moving average price is $52.92 and its 200-day moving average price is $50.68.

Institutional Trading of Invesco Dorsey Wright Healthcare Momentum ETF

Large investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the fourth quarter worth about $39,000. Godfrey Financial Associates Inc. purchased a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter valued at approximately $45,000. Sound Income Strategies LLC acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the 4th quarter worth approximately $49,000. Fifth Third Bancorp acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the 1st quarter worth approximately $70,000. Finally, Sankala Group LLC acquired a new position in Invesco Dorsey Wright Healthcare Momentum ETF during the fourth quarter worth $77,000.

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. Securities shown to possess the greatest capital appreciation potential are selected by the Index.The Fund invests only in health care sector.