Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) passed 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 Trading Down 2.4 %

The business has a 50 day moving average of $46.05 and a 200-day moving average of $44.75. The stock has a market cap of $140.94 million, a PE ratio of 9.66 and a beta of 0.85.

Institutional Trading of Invesco Dorsey Wright Healthcare Momentum ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC lifted its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 61.7% in the 3rd quarter. IHT Wealth Management LLC now owns 93,419 shares of the company’s stock valued at $4,329,000 after purchasing an additional 35,650 shares in the last quarter. Jaffetilchin Investment Partners LLC purchased a new stake in Invesco Dorsey Wright Healthcare Momentum ETF in the 3rd quarter worth approximately $911,000. Cetera Advisors LLC acquired a new position in Invesco Dorsey Wright Healthcare Momentum ETF in the 1st quarter valued at $300,000. Asset Allocation Strategies LLC lifted its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 11.4% during the 2nd quarter. Asset Allocation Strategies LLC now owns 6,597 shares of the company’s stock worth $284,000 after purchasing an additional 675 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in shares of 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 worth $1,909,000 after purchasing an additional 504 shares during the last quarter.

About Invesco Dorsey Wright Healthcare Momentum ETF

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.