Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Shares Up 2% – Here’s Why

Invesco Oil & Gas Services ETF (NYSEARCA:PXJGet Free Report)’s share price was up 2% on Wednesday . The stock traded as high as $30.58 and last traded at $30.48. Approximately 6,842 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 16,371 shares. The stock had previously closed at $29.87.

Invesco Oil & Gas Services ETF Price Performance

The stock has a market capitalization of $90.83 million, a price-to-earnings ratio of 124.34 and a beta of 0.72. The company’s 50-day simple moving average is $28.83 and its 200-day simple moving average is $29.67.

Hedge Funds Weigh In On Invesco Oil & Gas Services ETF

A number of hedge funds have recently bought and sold shares of PXJ. Outlook Wealth Advisors LLC grew its position in shares of Invesco Oil & Gas Services ETF by 6.1% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 33,611 shares of the company’s stock worth $972,000 after purchasing an additional 1,924 shares in the last quarter. Prospera Financial Services Inc boosted its stake in shares of Invesco Oil & Gas Services ETF by 4.9% in the third quarter. Prospera Financial Services Inc now owns 13,094 shares of the company’s stock valued at $378,000 after buying an additional 614 shares during the period. Stifel Financial Corp grew its position in Invesco Oil & Gas Services ETF by 1.3% during the third quarter. Stifel Financial Corp now owns 31,301 shares of the company’s stock worth $905,000 after buying an additional 403 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new position in Invesco Oil & Gas Services ETF during the 3rd quarter worth $269,000.

About Invesco Oil & Gas Services ETF

(Get Free Report)

The Invesco Dynamic Oil & Gas Services ETF (PXJ) is an exchange-traded fund that mostly invests in energy equity. The fund tracks an index of US companies in the oil and gas services sector that are weighted in tiers. The index uses a multi-factor methodology to select holdings. PXJ was launched on Oct 26, 2005 and is managed by Invesco.

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