Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Shares Pass Below 200-Day Moving Average – Here’s Why

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $44.75 and traded as low as $44.58. Invesco Dorsey Wright Healthcare Momentum ETF shares last traded at $44.60, with a volume of 13,267 shares trading hands.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance

The company’s fifty day moving average price is $46.05 and its two-hundred day moving average price is $44.75. The firm has a market capitalization of $140.94 million, a PE ratio of 9.66 and a beta of 0.85.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

Hedge funds have recently made changes to their positions in the stock. IHT Wealth Management LLC increased its holdings in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 61.7% during the 3rd quarter. IHT Wealth Management LLC now owns 93,419 shares of the company’s stock worth $4,329,000 after buying an additional 35,650 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Invesco Dorsey Wright Healthcare Momentum ETF by 1.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 44,433 shares of the company’s stock valued at $1,909,000 after acquiring an additional 504 shares during the period. Jaffetilchin Investment Partners LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the third quarter worth about $911,000. Cetera Advisors LLC purchased a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the 1st quarter worth about $300,000. Finally, Asset Allocation Strategies LLC lifted its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 11.4% in the 2nd quarter. Asset Allocation Strategies LLC now owns 6,597 shares of the company’s stock valued at $284,000 after purchasing an additional 675 shares in 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.