Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Stock Price Down 1.4% – Time to Sell?

Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) shares traded down 1.4% during trading on Monday . The stock traded as low as $27.88 and last traded at $27.92. 10,727 shares were traded during mid-day trading, a decline of 65% from the average session volume of 31,055 shares. The stock had previously closed at $28.30.

Invesco Oil & Gas Services ETF Price Performance

The business has a 50-day moving average of $28.96 and a 200 day moving average of $30.13. The company has a market cap of $79.98 million, a PE ratio of 124.34 and a beta of 0.72.

Hedge Funds Weigh In On Invesco Oil & Gas Services ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Prospera Financial Services Inc lifted its position in Invesco Oil & Gas Services ETF by 4.9% during the third quarter. Prospera Financial Services Inc now owns 13,094 shares of the company’s stock valued at $378,000 after purchasing an additional 614 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Invesco Oil & Gas Services ETF by 1.3% in 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 during the period. Outlook Wealth Advisors LLC lifted 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 valued at $972,000 after buying an additional 1,924 shares in the last quarter. Nilsine Partners LLC grew its stake in shares of Invesco Oil & Gas Services ETF by 2.5% during the 2nd quarter. Nilsine Partners LLC now owns 41,962 shares of the company’s stock valued at $1,341,000 after acquiring an additional 1,023 shares during the period. Finally, Raymond James & Associates grew its stake in shares of Invesco Oil & Gas Services ETF by 15.3% during the 2nd quarter. Raymond James & Associates now owns 83,809 shares of the company’s stock valued at $2,679,000 after acquiring an additional 11,135 shares during the period.

Invesco Oil & Gas Services ETF Company Profile

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.