Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) Shares Cross Above 50 Day Moving Average of $47.53

Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:PXI) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $47.53 and traded as high as $49.61. Invesco Dorsey Wright Energy Momentum ETF shares last traded at $49.61, with a volume of 12,421 shares trading hands.

Invesco Dorsey Wright Energy Momentum ETF Stock Up 0.4 %

The stock has a market capitalization of $75.21 million, a PE ratio of 7.51 and a beta of 1.68. The stock’s 50 day moving average price is $47.62 and its 200-day moving average price is $45.12.

Invesco Dorsey Wright Energy Momentum ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were issued a $0.077 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.31 annualized dividend and a dividend yield of 0.62%.

Institutional Trading of Invesco Dorsey Wright Energy Momentum ETF

Several institutional investors and hedge funds have recently made changes to their positions in PXI. Advantage Trust Co bought a new position in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter worth about $27,000. Private Advisor Group LLC bought a new position in Invesco Dorsey Wright Energy Momentum ETF in the fourth quarter worth about $254,000. Scotia Capital Inc. bought a new position in Invesco Dorsey Wright Energy Momentum ETF in the third quarter worth about $593,000. SPC Financial Inc. bought a new position in Invesco Dorsey Wright Energy Momentum ETF in the third quarter worth about $700,000. Finally, Silver Oak Securities Incorporated bought a new position in Invesco Dorsey Wright Energy Momentum ETF in the third quarter worth about $747,000.

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.