Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Trading Up 1.1%

Invesco Oil & Gas Services ETF (NYSEARCA:PXJ)’s stock price traded up 1.1% on Monday . The company traded as high as $30.15 and last traded at $29.96. 114,578 shares were traded during trading, an increase of 219% from the average session volume of 35,916 shares. The stock had previously closed at $29.63.

Invesco Oil & Gas Services ETF Stock Up 1.1 %

The stock has a market cap of $89.28 million, a price-to-earnings ratio of 124.34 and a beta of 0.72. The company’s 50-day simple moving average is $30.54 and its 200-day simple moving average is $31.33.

Hedge Funds Weigh In On Invesco Oil & Gas Services ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. raised its holdings in Invesco Oil & Gas Services ETF by 5.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 13,260 shares of the company’s stock worth $421,000 after buying an additional 650 shares during the period. Raymond James & Associates lifted its position in shares of Invesco Oil & Gas Services ETF by 15.3% in the 2nd 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 in the last quarter. Nilsine Partners LLC lifted 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 valued at $1,341,000 after acquiring an additional 1,023 shares in the last quarter. Finally, Outlook Wealth Advisors LLC acquired a new position in Invesco Oil & Gas Services ETF in the 2nd quarter worth approximately $1,013,000.

About Invesco Oil & Gas Services ETF

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.