Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Shares Down 0.2% – Should You Sell?

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

Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance

The stock has a 50-day moving average of $42.64 and a 200 day moving average of $44.55. The firm has a market capitalization of $119.19 million, a P/E ratio of 9.66 and a beta of 0.85.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

A hedge fund recently bought a new stake in Invesco Dorsey Wright Healthcare Momentum ETF stock. Jaffetilchin Investment Partners LLC purchased a new stake in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 19,598 shares of the company’s stock, valued at approximately $911,000. Jaffetilchin Investment Partners LLC owned about 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.