MGB Wealth Management LLC Sells 499 Shares of Invesco Energy Exploration & Production ETF (NYSEARCA:PXE)

MGB Wealth Management LLC trimmed its stake in Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,211 shares of the company’s stock after selling 499 shares during the period. MGB Wealth Management LLC’s holdings in Invesco Energy Exploration & Production ETF were worth $540,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Invesco Energy Exploration & Production ETF in the 2nd quarter worth $33,000. Mather Group LLC. acquired a new stake in Invesco Energy Exploration & Production ETF in the 2nd quarter worth $36,000. LRI Investments LLC acquired a new stake in Invesco Energy Exploration & Production ETF in the 1st quarter worth $40,000. CWM LLC grew its position in Invesco Energy Exploration & Production ETF by 1,980.8% in the 2nd quarter. CWM LLC now owns 1,519 shares of the company’s stock worth $50,000 after purchasing an additional 1,446 shares during the last quarter. Finally, National Wealth Management Group LLC acquired a new stake in Invesco Energy Exploration & Production ETF in the 1st quarter worth $208,000.

Invesco Energy Exploration & Production ETF Price Performance

NYSEARCA PXE opened at $32.70 on Friday. The firm has a market capitalization of $139.30 million, a price-to-earnings ratio of 5.39 and a beta of 0.70. The company’s fifty day moving average is $30.53 and its two-hundred day moving average is $31.88. Invesco Energy Exploration & Production ETF has a 52-week low of $28.27 and a 52-week high of $37.48.

About Invesco Energy Exploration & Production ETF

PowerShares Dynamic Energy Exploration & Production Portfolio (the Fund) seeks investment results that correspond generally to the price and yield of the Dynamic Energy Exploration & Production Intellidex Index (the Index). The Index evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors.