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

Invesco Oil & Gas Services ETF (NYSEARCA:PXJ)’s share price traded down 1.4% on Monday . The company traded as low as $27.88 and last traded at $27.92. 10,727 shares changed hands during 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 firm has a market cap of $83.19 million, a PE ratio of 124.34 and a beta of 0.72. The stock has a 50-day moving average price of $29.07 and a 200 day moving average price of $30.19.

Institutional Investors Weigh In On Invesco Oil & Gas Services ETF

Institutional investors have recently bought and sold shares of the stock. Prospera Financial Services Inc raised its stake 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 worth $378,000 after purchasing an additional 614 shares during the period. Stifel Financial Corp increased its holdings in shares of Invesco Oil & Gas Services ETF by 1.3% during the 3rd 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 last quarter. Outlook Wealth Advisors LLC increased its holdings 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 worth $972,000 after buying an additional 1,924 shares during the last quarter. Nilsine Partners LLC raised its position in shares of Invesco Oil & Gas Services ETF by 2.5% in the 2nd quarter. Nilsine Partners LLC now owns 41,962 shares of the company’s stock worth $1,341,000 after buying an additional 1,023 shares during the period. Finally, Raymond James & Associates boosted its holdings in Invesco Oil & Gas Services ETF by 15.3% in 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.

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.