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

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH)’s stock price dropped 0.2% 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 Stock Performance

The firm’s 50 day moving average price is $42.64 and its two-hundred day moving average price is $44.56. The firm has a market cap of $119.19 million, a PE ratio of 9.66 and a beta of 0.85.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

An institutional investor recently bought a new position in Invesco Dorsey Wright Healthcare Momentum ETF stock. Jaffetilchin Investment Partners LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 at the end of the most recent quarter.

Invesco Dorsey Wright Healthcare Momentum ETF Company Profile

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.