Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI – Get Free Report) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $58.74 and traded as low as $57.40. Invesco Dorsey Wright Financial Momentum ETF shares last traded at $57.56, with a volume of 6,933 shares.
Invesco Dorsey Wright Financial Momentum ETF Trading Down 2.2%
The company has a market capitalization of $48.35 million, a price-to-earnings ratio of 18.63 and a beta of 1.02. The stock’s fifty day simple moving average is $59.50 and its 200-day simple moving average is $58.74.
Institutional Trading of Invesco Dorsey Wright Financial Momentum ETF
Large investors have recently modified their holdings of the stock. Kingswood Wealth Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF in the third quarter valued at $243,000. Genesee Capital Advisors LLC purchased a new position in Invesco Dorsey Wright Financial Momentum ETF in the third quarter valued at $470,000. Integrated Wealth Concepts LLC acquired a new position in Invesco Dorsey Wright Financial Momentum ETF during the 2nd quarter worth $46,000. Bank of America Corp DE grew its stake in Invesco Dorsey Wright Financial Momentum ETF by 0.6% during the 1st quarter. Bank of America Corp DE now owns 53,417 shares of the company’s stock worth $2,845,000 after purchasing an additional 294 shares in the last quarter. Finally, IMC Chicago LLC grew its stake in Invesco Dorsey Wright Financial Momentum ETF by 16.1% during the 1st quarter. IMC Chicago LLC now owns 37,451 shares of the company’s stock worth $1,994,000 after purchasing an additional 5,195 shares in the last quarter.
Invesco Dorsey Wright Financial Momentum ETF Company Profile
PowerShares Dynamic Financial Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Financial Sector Intellidex Index (the Index). The Fund will 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.
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