Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Stock Price Down 1.1% – Time to Sell?

by · The Markets Daily

Shares of Invesco Oil & Gas Services ETF (NYSEARCA:PXJ – Get Free Report) dropped 1.1% during mid-day trading on Monday . The company traded as low as $30.74 and last traded at $30.78. Approximately 11,696 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 11,131 shares. The stock had previously closed at $31.13.

Invesco Oil & Gas Services ETF Trading Down 1.1%

The firm has a market capitalization of $28.32 million, a P/E ratio of 9.62 and a beta of 1.02. The stock’s 50-day simple moving average is $28.84 and its 200-day simple moving average is $26.73.

Institutional Trading of Invesco Oil & Gas Services ETF

A number of hedge funds have recently bought and sold shares of PXJ. Raymond James Financial Inc. purchased a new position in Invesco Oil & Gas Services ETF in the second quarter worth $42,000. Jefferies Financial Group Inc. increased its position in shares of Invesco Oil & Gas Services ETF by 8.3% during the 2nd quarter. Jefferies Financial Group Inc. now owns 13,624 shares of the company’s stock valued at $324,000 after purchasing an additional 1,039 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Invesco Oil & Gas Services ETF by 354.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 17,685 shares of the company’s stock worth $482,000 after purchasing an additional 13,792 shares during the period.

Invesco Oil & Gas Services ETF Company Profile

(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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