Invesco Oil & Gas Services ETF (NYSEARCA:PXJ) Shares Up 1.9% – Should You Buy?

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 changed 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 Stock Up 1.9 %

The business has a fifty day moving average price of $29.01 and a 200-day moving average price of $30.65. The company has a market cap of $86.99 million, a P/E ratio of 124.34 and a beta of 0.72.

Institutional Trading of Invesco Oil & Gas Services ETF

Several institutional investors have recently added to or reduced their stakes in PXJ. Stifel Financial Corp lifted its holdings 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 worth $905,000 after buying an additional 403 shares in the last quarter. Prospera Financial Services Inc increased its position in 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 acquiring an additional 614 shares during the period. Outlook Wealth Advisors LLC raised its stake in Invesco Oil & Gas Services ETF by 6.1% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 33,611 shares of the company’s stock worth $972,000 after purchasing an additional 1,924 shares in the last quarter. Nilsine Partners LLC boosted its holdings in Invesco Oil & Gas Services ETF by 2.5% in the 2nd quarter. Nilsine Partners LLC now owns 41,962 shares of the company’s stock valued at $1,341,000 after purchasing an additional 1,023 shares during the period. Finally, Raymond James & Associates grew its position in shares of Invesco Oil & Gas Services ETF by 15.3% during the 2nd 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 in the last quarter.

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.