Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Shares Up 1.9% – Here’s Why

Shares of Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) were up 1.9% during mid-day trading on Monday . The stock traded as high as $29.28 and last traded at $29.19. Approximately 7,444 shares traded hands during trading, a decline of 77% from the average daily volume of 32,721 shares. The stock had previously closed at $28.66.

Invesco Oil & Gas Services ETF Trading Up 1.1 %

The firm’s 50 day simple moving average is $29.08 and its two-hundred day simple moving average is $30.62. The firm has a market cap of $87.91 million, a price-to-earnings ratio of 124.34 and a beta of 0.72.

Institutional Trading of Invesco Oil & Gas Services ETF

Large investors have recently bought and sold shares of the business. Raymond James & Associates grew its holdings in shares of Invesco Oil & Gas Services ETF by 15.3% during the second quarter. Raymond James & Associates now owns 83,809 shares of the company’s stock worth $2,679,000 after purchasing an additional 11,135 shares during the last quarter. Nilsine Partners LLC boosted its position in Invesco Oil & Gas Services ETF by 2.5% during the 2nd quarter. Nilsine Partners LLC now owns 41,962 shares of the company’s stock worth $1,341,000 after buying an additional 1,023 shares during the period. Outlook Wealth Advisors LLC grew its holdings in Invesco Oil & Gas Services ETF by 6.1% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 33,611 shares of the company’s stock worth $972,000 after acquiring an additional 1,924 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Invesco Oil & Gas Services ETF by 1.3% during the third quarter. Stifel Financial Corp now owns 31,301 shares of the company’s stock valued at $905,000 after acquiring an additional 403 shares during the last quarter. Finally, Prospera Financial Services Inc lifted its holdings in shares of Invesco Oil & Gas Services ETF by 4.9% during the third quarter. Prospera Financial Services Inc now owns 13,094 shares of the company’s stock worth $378,000 after purchasing an additional 614 shares during the period.

About Invesco Oil & Gas Services ETF

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.