Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Trading 1.4% Higher

Invesco Oil & Gas Services ETF (NYSEARCA:PXJ)’s stock price shot up 1.4% during mid-day trading on Monday . The company traded as high as $30.72 and last traded at $30.69. 44,426 shares were traded during mid-day trading, an increase of 70% from the average session volume of 26,175 shares. The stock had previously closed at $30.26.

Invesco Oil & Gas Services ETF Stock Performance

The stock has a market cap of $92.14 million, a P/E ratio of 124.34 and a beta of 0.72. The business has a 50 day simple moving average of $31.95 and a 200-day simple moving average of $30.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PXJ. UBS Group AG boosted its stake in Invesco Oil & Gas Services ETF by 48.8% in the 3rd quarter. UBS Group AG now owns 120,790 shares of the company’s stock worth $3,723,000 after purchasing an additional 39,615 shares during the period. Nilsine Partners LLC purchased a new position in shares of Invesco Oil & Gas Services ETF during the 4th quarter valued at about $1,130,000. Western Financial Corp CA purchased a new position in shares of Invesco Oil & Gas Services ETF during the 4th quarter valued at about $354,000. Private Advisor Group LLC purchased a new position in shares of Invesco Oil & Gas Services ETF during the 4th quarter valued at about $235,000. Finally, MinichMacGregor Wealth Management LLC purchased a new position in shares of Invesco Oil & Gas Services ETF during the 4th quarter valued at about $328,000.

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.