Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Trading Down 0.2% – What’s Next?

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH)’s share price dropped 0.2% during mid-day trading on Friday . The stock traded as low as $40.00 and last traded at $40.13. Approximately 3,846 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 7,586 shares. The stock had previously closed at $40.23.

Invesco Dorsey Wright Healthcare Momentum ETF Trading Down 0.2 %

The stock has a 50-day simple moving average of $42.64 and a 200 day simple moving average of $44.55. The stock has a market capitalization of $119.19 million, a price-to-earnings ratio of 9.66 and a beta of 0.85.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF stock. Jaffetilchin Investment Partners LLC bought a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 19,598 shares of the company’s stock, valued at approximately $911,000. Jaffetilchin Investment Partners LLC owned 0.62% of Invesco Dorsey Wright Healthcare Momentum ETF as of its most recent SEC filing.

About Invesco Dorsey Wright Healthcare Momentum ETF

PowerShares Dynamic Healthcare Sector Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Healthcare Sector Intellidex Index (the Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investments and risk factors.