Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Shares Down 1.4% – What’s Next?

Shares of Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) traded down 1.4% on Monday . The company traded as low as $27.88 and last traded at $27.92. 10,727 shares traded hands 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 Trading Down 1.4 %

The firm has a market cap of $83.19 million, a price-to-earnings ratio of 124.34 and a beta of 0.72. The firm has a 50 day moving average price of $29.07 and a 200-day moving average price of $30.19.

Hedge Funds Weigh In On Invesco Oil & Gas Services ETF

Several hedge funds have recently bought and sold shares of the stock. Raymond James & Associates boosted its stake in shares of Invesco Oil & Gas Services ETF by 15.3% during the second 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 last quarter. Outlook Wealth Advisors LLC lifted its holdings in Invesco Oil & Gas Services ETF by 6.1% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 33,611 shares of the company’s stock valued at $972,000 after purchasing an additional 1,924 shares in the last quarter. Nilsine Partners LLC boosted 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 worth $1,341,000 after purchasing an additional 1,023 shares during the last quarter. Prospera Financial Services Inc grew its holdings in shares of 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 worth $378,000 after buying an additional 614 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Invesco Oil & Gas Services ETF by 1.3% during 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 in the last quarter.

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.