Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $46.64 and traded as low as $44.94. Invesco Dorsey Wright Energy Momentum ETF shares last traded at $45.11, with a volume of 5,277 shares traded.

Invesco Dorsey Wright Energy Momentum ETF Trading Up 1.3 %

The firm has a 50 day moving average price of $44.29 and a 200-day moving average price of $46.64. The firm has a market cap of $67.67 million, a price-to-earnings ratio of 7.40 and a beta of 1.68.

Invesco Dorsey Wright Energy Momentum ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.218 dividend. This is an increase 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. This represents a $0.87 annualized dividend and a yield of 1.93%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Invesco Dorsey Wright Energy Momentum ETF stock. International Assets Investment Management LLC bought a new stake in Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,320 shares of the company’s stock, valued at approximately $157,000. International Assets Investment Management LLC owned about 0.21% of Invesco Dorsey Wright Energy Momentum ETF at the end of the most recent 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.