Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Shares Up 1% – Here’s What Happened

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) shares rose 1% during trading on Tuesday . The company traded as high as $62.22 and last traded at $61.73. Approximately 12,955 shares were traded during trading, a decline of 54% from the average session volume of 28,110 shares. The stock had previously closed at $61.13.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance

The stock has a market cap of $244.45 million, a PE ratio of 35.21 and a beta of 0.81. The business has a 50-day moving average of $60.36 and a 200 day moving average of $54.15.

Institutional Investors Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

A number of hedge funds and other institutional investors have recently modified their holdings of PTH. Royal Bank of Canada raised its position in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 39.6% in the first quarter. Royal Bank of Canada now owns 13,153 shares of the company’s stock valued at $519,000 after buying an additional 3,730 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 1,124.0% in the 1st quarter. Jones Financial Companies Lllp now owns 14,688 shares of the company’s stock worth $580,000 after acquiring an additional 13,488 shares during the period. Bank of America Corp DE grew its stake in Invesco Dorsey Wright Healthcare Momentum ETF by 0.8% in the 2nd quarter. Bank of America Corp DE now owns 101,502 shares of the company’s stock worth $3,946,000 after acquiring an additional 764 shares during the period. Focus Partners Wealth acquired a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the 3rd quarter valued at $287,000. Finally, Byrne Financial Freedom LLC raised its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 2.3% in the 4th quarter. Byrne Financial Freedom LLC now owns 35,635 shares of the company’s stock valued at $1,771,000 after acquiring an additional 792 shares during the last quarter.

Invesco Dorsey Wright Healthcare Momentum ETF Company Profile

PowerShares Dynamic Healthcare Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Healthcare 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 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.The Fund invests only in health care sector.