Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Shares Down 3.2%

Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH)’s share price traded down 3.2% during mid-day trading on Friday . The company traded as low as $42.61 and last traded at $43.13. 31,237 shares changed hands during trading, an increase of 85% from the average session volume of 16,892 shares. The stock had previously closed at $44.55.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance

The firm has a fifty day moving average price of $43.45 and a 200 day moving average price of $42.72. The company has a market cap of $138.88 million, a price-to-earnings ratio of 9.66 and a beta of 0.85.

Invesco Dorsey Wright Healthcare Momentum ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a $0.0255 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend was Monday, June 24th.

Hedge Funds Weigh In On Invesco Dorsey Wright Healthcare Momentum ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of PTH. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 1.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 44,433 shares of the company’s stock worth $1,909,000 after buying an additional 504 shares during the last quarter. Armor Investment Advisors LLC acquired a new stake in Invesco Dorsey Wright Healthcare Momentum ETF during the first quarter worth approximately $25,000. Asset Allocation Strategies LLC lifted its position in Invesco Dorsey Wright Healthcare Momentum ETF by 11.4% during the second quarter. Asset Allocation Strategies LLC now owns 6,597 shares of the company’s stock worth $284,000 after acquiring an additional 675 shares during the last quarter. Private Trust Co. NA bought a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF during the fourth quarter worth approximately $26,000. Finally, Advisory Services Network LLC acquired a new position in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the fourth quarter valued at approximately $174,000.

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.