Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Invesco Dorsey Wright Financial Momentum ETF (NASDAQ:PFI)’s stock price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred 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 Stock Performance

The firm has a market capitalization of $48.35 million, a PE ratio of 18.63 and a beta of 1.02. The company has a fifty day moving average price of $59.50 and a 200-day moving average price of $58.74.

Institutional Investors Weigh In On Invesco Dorsey Wright Financial Momentum ETF

Several large investors have recently bought and sold shares of PFI. Integrated Wealth Concepts LLC bought a new position in Invesco Dorsey Wright Financial Momentum ETF during the second quarter valued at $46,000. Kingswood Wealth Advisors LLC purchased a new position in shares of Invesco Dorsey Wright Financial Momentum ETF in the 3rd quarter worth $243,000. Genesee Capital Advisors LLC bought a new stake in shares of Invesco Dorsey Wright Financial Momentum ETF in the 3rd quarter worth about $470,000. IMC Chicago LLC increased its holdings in shares of Invesco Dorsey Wright Financial Momentum ETF by 16.1% in the 1st quarter. IMC Chicago LLC now owns 37,451 shares of the company’s stock worth $1,994,000 after buying an additional 5,195 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Invesco Dorsey Wright Financial Momentum ETF by 0.6% in the 1st quarter. Bank of America Corp DE now owns 53,417 shares of the company’s stock worth $2,845,000 after buying an additional 294 shares during the last quarter.

About Invesco Dorsey Wright Financial Momentum ETF

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.