Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Trading Up 1.9% – Time to Buy?

Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) shares shot up 1.9% during mid-day trading on Monday . The company traded as high as $29.28 and last traded at $29.19. 7,444 shares traded hands during trading, a decline of 77% from the average session volume of 32,721 shares. The stock had previously closed at $28.66.

Invesco Oil & Gas Services ETF Price Performance

The business has a 50 day moving average of $29.01 and a 200 day moving average of $30.65. The firm has a market capitalization of $86.99 million, a price-to-earnings ratio of 124.34 and a beta of 0.72.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PXJ. Outlook Wealth Advisors LLC bought a new stake in shares of Invesco Oil & Gas Services ETF in the 2nd quarter valued at approximately $1,013,000. Raymond James & Associates raised its stake in 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 worth $2,679,000 after acquiring an additional 11,135 shares in the last quarter. Nilsine Partners LLC lifted its holdings in shares of Invesco Oil & Gas Services ETF by 2.5% during the second 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 during the period. Prospera Financial Services Inc boosted its stake in shares of Invesco Oil & Gas Services ETF by 4.9% in the 3rd quarter. Prospera Financial Services Inc now owns 13,094 shares of the company’s stock valued at $378,000 after purchasing 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% in the 3rd quarter. Stifel Financial Corp now owns 31,301 shares of the company’s stock worth $905,000 after purchasing an additional 403 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.