Invesco Dynamic Software ETF (NYSEARCA:PSJ) Stock Price Down 1.6%

Invesco Dynamic Software ETF (NYSEARCA:PSJ) shares traded down 1.6% on Wednesday . The stock traded as low as $43.68 and last traded at $43.91. 60,562 shares traded hands during mid-day trading, an increase of 255% from the average session volume of 17,076 shares. The stock had previously closed at $44.62.

Invesco Dynamic Software ETF Price Performance

The firm has a market cap of $305.17 million, a price-to-earnings ratio of 40.07 and a beta of 1.54. The firm’s 50 day moving average price is $44.26 and its 200-day moving average price is $44.09.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Invesco Dynamic Software ETF stock. Mitchell Sinkler & Starr PA purchased a new stake in Invesco Dynamic Software ETF (NYSEARCA:PSJ) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,788 shares of the company’s stock, valued at approximately $58,000.

Invesco Dynamic Software ETF Company Profile

PowerShares Dynamic Software Portfolio (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic Software Intellidex Index (the Index). The Index is designed to provide capital appreciation by evaluating companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.