Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Invesco Dorsey Wright Healthcare Momentum ETF (NASDAQ:PTH) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $44.88 and traded as low as $44.20. Invesco Dorsey Wright Healthcare Momentum ETF shares last traded at $44.20, with a volume of 4,389 shares.

Invesco Dorsey Wright Healthcare Momentum ETF Stock Performance

The company has a 50 day simple moving average of $45.77 and a 200 day simple moving average of $44.88. The company has a market capitalization of $139.67 million, a PE ratio of 9.66 and a beta of 0.85.

Institutional Trading of Invesco Dorsey Wright Healthcare Momentum ETF

Several large investors have recently made changes to their positions in PTH. Asset Allocation Strategies LLC lifted its holdings in Invesco Dorsey Wright Healthcare Momentum ETF by 11.4% in the 2nd quarter. Asset Allocation Strategies LLC now owns 6,597 shares of the company’s stock valued at $284,000 after purchasing an additional 675 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the first quarter valued at about $300,000. Jaffetilchin Investment Partners LLC acquired a new stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF in the third quarter valued at about $911,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Invesco Dorsey Wright Healthcare Momentum ETF by 1.1% in the second 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 in the last quarter. Finally, IHT Wealth Management LLC boosted its position in Invesco Dorsey Wright Healthcare Momentum ETF by 61.7% during the third quarter. IHT Wealth Management LLC now owns 93,419 shares of the company’s stock worth $4,329,000 after acquiring an additional 35,650 shares during the last 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.