Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Stock Breaks Above 200 Day Moving Average – Here’s What Happened

Shares of Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $58.73 and traded as high as $58.99. Invesco Dorsey Wright Financial Momentum ETF shares last traded at $58.9860, with a volume of 518 shares trading hands.

Invesco Dorsey Wright Financial Momentum ETF Stock Up 0.6%

The business has a 50-day simple moving average of $58.92 and a two-hundred day simple moving average of $58.73. The stock has a market capitalization of $49.55 million, a P/E ratio of 13.32 and a beta of 1.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF during the 3rd quarter worth about $248,000. Asset Dedication LLC bought a new stake in Invesco Dorsey Wright Financial Momentum ETF during the third quarter worth about $345,000. Kingswood Wealth Advisors LLC bought a new stake in Invesco Dorsey Wright Financial Momentum ETF during the third quarter worth about $243,000. Genesee Capital Advisors LLC bought a new stake in Invesco Dorsey Wright Financial Momentum ETF during the third quarter worth about $470,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF during the second quarter worth approximately $46,000.

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.